According to a report released by the United Nations Office on Drugs and Crime in January, Tether (USDT) is at the core of several fraudulent activities, including “boiler room” scams. The report also points out that the development of cryptocurrencies, particularly USDT, coupled with rapid technological advancements, has facilitated the long-standing practice of money laundering through underground casinos by organized crime groups in Southeast Asia. Despite extensive law enforcement efforts against digital assets in the United States and other regions, criminal organizations continue to use Tether as an effective means of transferring funds, with some casinos even specializing in handling Tether (USDT).
"British Chinese Woman Converts £5 Billion Fraud Proceeds into Bitcoin, Affecting Over 100,000 Chinese Victims"