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 Term Finance loses estimated $8.5M in vault governance exploit August 24, 2026 Blockchain News US accounting board FASB proposes conditions for stablecoins as cash equivalents August 19, 2026 Blockchain News Toyota Finance opens tokenized bonds to retail investors via mobile payment app August 18, 2026
