#binance #hype #zec #near
28/08/25 15:47 UTC-04

Asia-Pacific law enforcement blocks $46 million in USDT

The law enforcement operation was carried out in the second half of 2024. For confidentiality reasons, investigative actions were conducted without public statements.

Chainalysis reported that after receiving initial data from local authorities, cryptocurrency companies analyzed the suspects’ transactions and identified accounts controlled by the organizers of fraudulent schemes. With the assistance of exchanges OKX and Binance, Chainalysis experts were able to trace intermediary addresses and narrow the list down to five main wallets where stolen funds from victims were being funneled.

After the investigation results were provided to Asia-Pacific law enforcement in June 2024, a request was sent to Tether to freeze assets at the specified addresses, which prevented the conversion of USDT into fiat.

Earlier, the Nigerian Immigration Service (NIS) reported the deportation of more than 100 foreign nationals convicted of cryptocurrency fraud.

See also: "Researchers note steady decline in ETH reserves on Binance"

#USDT #Crypto Regulations

Editor: Alyona Nabok
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