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Prosecutors trace $37 million stolen from Americans through Bahamas bank into USDT

Prosecutors trace $37 million stolen from Americans through Bahamas bank into USDT
AI summary

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.

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