Malaysian police have swooped on what they suspect to be an illegal, international USDT-powered crypto exchange.
Forty people were arrested.
The exchange was allegedly allowing Mainland Chinese citizens to trade USDT for cash.
Per the Malaysian media outlet Oriental Daily, the bust was co-conducted by the police’s commercial crime investigation team and the National Financial Crime Center….
Read More: Malaysian Police Bust ‘USDT-powered Crypto Exchange’ – Suspects ‘Sold Crypto to China’