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Russian companies using USDT to evade UK and US sanctions, report

Two major Russian metal companies are reportedly using USDT to settle some cross-border transactions with Chinese clients.

Another Chinese money laundering scheme tied to Deltec and Tether

Daren Li and Yicheng Zhang moved cash from so-called pig-butchering scams to Deltec Bank and Trust. It was then converted to tether.

The gang allegedly used USDT to evade China’s foreign exchange regulations and provide a means for criminals to send their funds overseas.

The China CBDC scam uses ‘dividends’ to trick users into sharing the app while also directing them to tools capable of seizing their funds.