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 Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses Oktober 7, 2026 Blockchain News OKX eyes emerging markets with yield-offering stablecoin savings and payments app Oktober 6, 2026 Blockchain News Safe investor asks Swiss watchdog to intervene in governance dispute Oktober 5, 2026