Coinspeaker
Indian Scammers Exploit Tether’s USDT to Move Funds Abroad
Cybercriminals in India are increasingly exploiting blockchain technology to move illicit funds across borders, with Tether’s USDT
USDT
$1.00
24h volatility:
0.0%
Market cap:
$138.21 B
Vol. 24h:
$173.80 B
emerging as a preferred tool for money laundering. The stablecoin’s ease of transfer, liquidity, and pseudo-anonymity have made it a go-to asset for fraudsters seeking to bypass traditional banking regulations.
In a recent crackdown, Rajasthan law enforcement arrested several money mules involved in converting over INR 1 crore (approximately $115,546) into USDT before funneling it to cybercriminal networks overseas. Authorities believe the
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