China Police Uncover $2B USDT Underground Banking Operation

China’s police have uncovered a $1.9 billion USDT underground banking operation going against Chinese crypto bans.
On May 15, the Chengdu Municipal Public Security Bureau announced the detection of a huge underground bank operation in a press release.
This was the culmination of an investigation that started in November 2022 when the Longquanyi District Branch of the Chengdu…

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