Chinese Police Crack Down on $1.9B USDT Underground Banking Scheme
Chinese police in Chengdu discovered a $1.9B underground banking scheme using Tether stablecoin and arrested 193 suspects in 26 provinces. The Chinese police have uncovered an underground financing scheme worth $1.9 billion that involved the well-known stablecoin Tether. The illicit financial activities were conducted in Chengdu, China, utilizing the USDT stablecoin as a medium of […]