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Bitcoinist 2024-05-16 06:00:52

Tether Scandal: Chinese Authorities Uncover Alleged $2B USDT Money Laundering Operation

Chinese law enforcement agencies have announced a breakthrough in their fight against illegal financial activities. They have dismantled a large underground banking gang allegedly involved in facilitating illegal transactions using Tether’s USDT stablecoin. The operation spans multiple provinces and is believed to have enabled over $2 billion worth of illicit USDT transactions. 193 Suspects Arrested

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