According to a report released by the United Nations Office on Drugs and Crime on Monday, Tether (USDT) is at the core of several fraudulent activities, including “Ponzi schemes”. The so-called “Ponzi scheme” is a scam in which fraudsters gain the trust of victims through emotional manipulation and then induce them to transfer large sums of money.
UN: Tether (USDT) Emerges as Primary Payment Method for Money Laundering and Fraud in Southeast Asia