Prosecutors trace $37 million stolen from Americans through Bahamas bank into USDT
Prosecutors allege that $37 million stolen from Americans was routed through a Bahamas bank and converted into Tether's USDT, with 174 identified US victims in the case. No new repayment figure was announced. The case puts a spotlight on stablecoin laundering channels, a recurring compliance concern for traders holding or transacting in USDT.