Tag: USDT

Chinese Fraudsters Launder $6M in USDT, Victimizing Thousands of Indians in Crypto Scam

A Chinese court has sentenced nine individuals involved in a telecom fraud ring that defrauded over 66,000 Indian victims, laundering the proceeds through Tether's USDT stablecoin. The operation, which stole 517 million Indian rupees (approximately $6.2 million), was orchestrated through fake investment platforms, according to The Global Times. The scheme ...

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