South Korean police arrest 23 individuals in $11 million USDT laundering case: report
From February 2024 to April 2025, the group allegedly moved $11.1 million in illegal funds by purchasing USDT and trading on exchanges.
Watchlist
Archive context. The story has cross-source confirmation.
From February 2024 to April 2025, the group allegedly moved $11.1 million in illegal funds by purchasing USDT and trading on exchanges.
Why this matters
Tether is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on The BlockSame story, other sources
Cross-source coverage
2 sources
South Korean police arrest 23 in $11M USDT laundering case
The arrests highlight the growing challenge of regulating stablecoins, underscoring the need fo...
Related market context
Bitcoin reclaims $67,000 on US legislative hopes as South Korean volumes cool and Network School eyes Kazakhstan
Bitcoin reclaimed $67,000 on US legislative optimism, South Korean volumes cooled as retail rotated to stocks, and Network School...
Farage, Harborne and the £5M Gift: How UK Crypto Money Reshaped Reform
In UK crypto news today, Christopher Harborne, a stakeholder in Tether and Bitfinex, has become the subject of dual regulatory scr...
Bitcoin Price Prediction: Tesla Diamond Handing Its BTC Even With $112 Million Loss
Tesla absorbed a $112 million after-tax impairment loss on its Bitcoin holdings last quarter, and the latest Bitcoin price predict...
Ethereum Price Prediction: Another Protocol Hacked for $7.5 Million
Ethereum price prediction has turned more cautious after the Verus Ethereum bridge suffered a $7.5 million exploit, raising fresh...
Kazakhstan Moves to Build a National Crypto Reserve Funded by Bitcoin Miners
Bitcoin Magazine Kazakhstan Moves to Build a National Crypto Reserve Funded by Bitcoin Miners Kazakhstan has laid out a plan to bu...
XRP’s $1.16 recovery gets support from whales and a $285 million ETF streak
XRP’s recovery above $1.16 this week has coincided with a shift in the token’s supply picture, as large holders move fewer coins o...