In China, a case of an underground bank involving $1.9 billion using USDT was revealed



Chinese law enforcement agencies have uncovered the activities of an underground bank amounting to 13.8 billion yuan (about $1.9 billion).

According to the local publication Red Star News, its employees used the stablecoin Tether (USDT) for illegal yuan exchanges.

Reports indicate that 193 suspects have been arrested in 26 provinces of China.
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)