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Why the arrest of Multichain’s CEO shouldn’t come as a surprise

Years before this latest Multichain arrest, Bitfinex shareholder Zhao Dong was jailed for money laundering and operating without a license.

Chinese police arrest 21 in $55M Tether money laundering case

A group of Chinese suspects have confessed to operating a Tether (USDT) money laundering ring across the country, local news reports.

Ethereum has numerous links to China, including a director who built Chinese-language apps and a translation of its whitepaper into Mandarin.

Tether apparently bought nearly $50M worth of commercial paper from a subsidiary of Masraf Al Rayan, a bank fined $4M by the FCA.