Chengdu police cracked a major underground money laundering case involving USDT and a total amount of 13.8 billion yuan

Today is the 15th National "May 15" Anti-economic Crime Propaganda Day. The anti-economic crime propaganda day jointly organized by the Sichuan and Chongqing Public Security Economic Investigation Departments was held at the Chengdu Tianfu International Financial Center. At the event, the Chengdu Public Security Bureau announced two typical cases of economic crimes. Among them, the Chengdu Public Security Bureau cracked a large underground money house case involving a total amount of 13.8 billion yuan. The suspects used USDT Tether as a medium to evade national foreign exchange supervision and illegally provide foreign exchange settlement channels. The case involved 26 provinces (municipalities, autonomous regions) across the country. Now the public security organs have arrested 193 suspects across the country. (Red Star News)