Blockchain News Chinese police bust $1.9B USDT underground banking racket May 16, 2024 The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations. About The Author coinmaker See author's posts Post navigation Previous: Post-FTX crypto industry needs education before regulation — Former Biden adviserNext: Early Bitcoin Proponent Erik Voorhees: Crypto Will Be the Currency of AI More Stories Blockchain News South Korean stablecoin outflows top $367M in June: Report August 3, 2026 Blockchain News Luno cuts 20% of staff as crypto layoffs spread across 12 firms in July July 30, 2026 Blockchain News BNY to bring transfer agency records onchain in blockchain push July 29, 2026
