Blockchain News Chinese police bust $1.9B USDT underground banking racket Mai 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. Post Navigation Previous MIT Brothers Arrested for Alleged $25M Ethereum Blockchain ManipulationNext ShibaSwap rolls out major upgrade, moves to Shibarium More Stories Blockchain News Forgd brings its crypto market-maker leaderboard to DefiLlama August 5, 2026 Blockchain News Mastercard completes $1.8B BVNK acquisition in stablecoin push August 4, 2026 Blockchain News BIS Project Agorá settles $1 million in tokenized cross-border payment trials Juli 31, 2026