— Philippines, Scam
Hundreds freed from ‘pig-butchering’ compound after victim escapes
Authorities freed over 600 slaves from the Philippine scam center that was forcing victims to carry out 'pig butchering' scams for crypto.
Results for USDT
41 stories, newest first
Tether: Ten years, 100,000,000,000 USDT, and still no audit
Tether now has a market cap over $100 billion, representing a new peak in its role as the most important stablecoin.
1,200 slaves freed from Myanmar pig-butchering compound
Pig-butchering scams based at the Myanmar compound have reportedly raked in around $100 million in USDT over the past two years.
Single Chinese ‘pig-butchering’ operation made $100M in USDT, report
The Myanmar-based compound that houses the USDT-powered pig-butchering scam is "likely home to thousands of trafficked workers."
United Nations reports USDT used for money laundering across SE Asia
USDT has become a popular payment method for criminal gangs, particularly those in the gambling industry, operating in Southeast Asia.
Tether rarely minded law enforcement, now it suddenly does
A few weeks after US Secret Service and FBI agents began surveilling USDT wallets, Tether announced “voluntary” sanctions compliance.
Nepal smugglers caught selling gold from China for $16M USDT
Nepalese smugglers reportedly moved 33kg of gold from China in flour sacks packed by children before selling it for $16 million USDT.
Tether is confused in Singapore
Tether claims to have cut off clients in Singapore on May 12, 2020 but continued to issue tokens to entities in the country after that date.
Waves DEX users panic as USDT and USDC disappear
It's unclear where the USDT and USDC have gone, given that data shows more than $81 million worth of the tokens on the Waves DEX protocol.
Algorithmic stablecoin collapse may crash crypto markets again, says IMF
The IMF is warning investors about so-called "algorithmic" stablecoins ⏤ which are often unstable and not meaningfully algorithmic.