tldr; The US Department of Justice has charged Venezuelan national Jorge Figueira with allegedly laundering $1 billion in criminal funds using Tether’s USDT on the Tron blockchain. Figueira reportedly used crypto wallets and liquidity providers to convert digital tokens into US dollars, facilitating large-scale transactions globally. Authorities claim he managed up to $700 million per month and could handle $100 million in a single transaction. If convicted, Figueira faces up to 20 years in prison.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DryMyBottom on
>USDT on Tron
scary as shit
zmooner on
700M per month but 1B in total? Operation only ran for 6 weeks?
5 Comments
Tether is a fraud? No way!
tldr; The US Department of Justice has charged Venezuelan national Jorge Figueira with allegedly laundering $1 billion in criminal funds using Tether’s USDT on the Tron blockchain. Figueira reportedly used crypto wallets and liquidity providers to convert digital tokens into US dollars, facilitating large-scale transactions globally. Authorities claim he managed up to $700 million per month and could handle $100 million in a single transaction. If convicted, Figueira faces up to 20 years in prison.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
>USDT on Tron
scary as shit
700M per month but 1B in total? Operation only ran for 6 weeks?
Justin Sun’s Tron and shady. Imagine my shock