CryptoSlate· Oluwapelumi Adejumo·· 6d ago
US extradites Chinese national Zheng Zhao for laundering $36.9 million from crypto scam victims into USDT
Original source: CryptoSlateRead original
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US prosecutors allege that Chinese national Zheng Zhao helped launder $36.9 million stolen from 174 American victims through a Bahamas bank account at Deltec Bank, which was converted into Tether's USDT stablecoin before being transferred to Cambodia. Zhao was extradited from the Netherlands and faces up to 20 years in prison for conspiracy to commit money laundering.
Source: CryptoSlate · cryptoslate.com