$TON $USDC
🏌🏼*Scandal* *Crypto*: Toncoin and Tether Under Scrutiny by Regulators for Alleged Facilitation of Financial Crimes🌚
May 3, 2025 — The cryptocurrency market is back in the international spotlight following allegations involving two widely traded coins: Toncoin (TON), associated with the Telegram app, and Tether (USDT), the largest stablecoin in the world.
Toncoin: Explosive Growth and Suspicions in Telegram
Toncoin has gained traction in recent months with native integration into Telegram, allowing millions of users to transact directly through the app. However, European and Asian authorities have raised concerns about the use of the cryptocurrency in clandestine groups for money laundering and the sale of illicit products.
According to an investigation published by the Financial Times, the lack of identity verification in sending TON is facilitating the anonymous movement of large volumes of money. The Indian government has notified Telegram and threatened to temporarily block the platform if there is no greater transparency in transactions involving Toncoin.
Tether (USDT): Connection to Illicit Funding Under Investigation
On the other hand, Tether, which has always been subject to questions about its reserves, is now facing a new wave of investigations. A report from the New York Times claims that terrorist groups and criminal organizations are using USDT to move millions without efficient tracking, taking advantage of the liquidity and global acceptance of the coin.
The U.S. Department of the Treasury has initiated a forensic audit of USDT transactions between 2023 and 2024. The issuing company, Tether Limited, denied any wrongdoing, but experts claim that the lack of audits.