Thursday, April 18, 2024
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DOJ Investigation Leads Tether to Freeze $225M Associated with Human Trafficking Ring

Besides freezing assets, Tether follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. Tether, the USDT issuer, has announced the freezing of 225 million in USDT tokens. Globally, USDT has a market cap of $87.7 billion. It also offers dollar exposure to individuals who cannot access the dollar in

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FBI charges 6 for running $30m crypto ring

The FBI has charged six individuals over allegations of running an unlicensed crypto money-transmitting operation in New York. According to an unsealed affidavit of FBI special agent Lawrence Lonergan, six people, Naineshkumar Patel, Nileshkumar Patel and Raju Patel, Shaileshkumar Goyani, Brijeshkumar Patel, and Hirenkumar Patel, operated an illegal money transmitting business

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Philippine Authorities Rescue Alleged Victims of ‘Crypto Trafficking Ring’ – Featured Bitcoin News

Philippine authorities say that they have rescued alleged victims of a “crypto trafficking ring” who were recruited to work in a call center in Cambodia and scam people out of their cryptocurrencies. The authorities are also investigating government employees who may have assisted crypto trafficking syndicates. Alleged Victims of ‘Crypto Trafficking

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