UN warns: Tether is increasingly favored by money launderers
According to the Financial Times, Tether has become one of the main payment methods for money launderers and fraudsters operating in Southeast Asia that have been warned by the United Nations.
According to a report released by the United Nations Office on Drugs and Crime on Monday, USDT is at the core of a growing fraud industry, including the strategy of using false romantic relationships to gain the trust of victims and then persuade them to transfer large sums of money, commonly known as "pig-killing schemes".
The report pointed out: "In recent years, law enforcement and financial intelligence agencies have reported a rapid increase in the use of advanced, high-speed money laundering teams specializing in the use of underground USDT."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Standard Chartered Analysts Predict Stablecoins Will Represent 10 Percent of US Economy in the Future!
Analysts at Standard Chartered and Zodia Markets predict that stablecoin adoption will see significant growth, potentially representing 10% of US M2 transactions in the future.
Is $100,000 the Limit in the Bitcoin Rally or Will It Continue? Here’s a Clear Opinion for the Top
While the Bitcoin price has reached the $100,000 limit, the questioning of what goes beyond this level has begun. Here are the details.
Why the Public Isn’t Showing as Much Interest as Previous Bulls, Even as Bitcoin Nears $100,000? Here’s the Data and the Answer
Why is there not as much interest as before, even though the Bitcoin price has pushed the previously unimaginable $100,000 level? Here is the data.
Hong Kong Giant Company Disposed of This Altcoin and Purchased Bitcoin (BTC) Instead!
A giant Hong Kong company exchanged its Ethereum holdings for Bitcoin.
Trending news
MoreCrypto prices
More
