May 5, 2024
Security News

21 Arrested in China for $54M USDT Money Laundering Investigation

Authorities in China's Shanxi Province have arrested 21 individuals allegedly involved in a major Tether (USDT) money laundering scheme.  The scheme, estimated to have generated over $54 million, utilized the US dollar-backed stablecoin USDT to launder money, the country’s national broadcasting service CCTV reported on Tuesday.... Read More: 21 Arrested in China for $54M USDT Money Laundering Investigation