Hey folks! Hold on tight, Old Tear Chicken is here to talk to you about this wave of operations from the U.S. Department of Justice! The authorities seized 200 million in black U, is the crypto world about to change? Don't panic, it's a blessing, not a curse!
I just saw the news, and I couldn't help but exclaim! The U.S. Department of Justice swung a big hand and confiscated 225 million dollars in cryptocurrency, all USDT! This broke the record of the Secret Service in its 160-year history! What's going on? It's those unlucky guys in Southeast Asia running 'pig-butchering' scams who got caught. Imagine, in a small dark room in the Philippines, dozens of people take turns deceiving, specifically targeting emotionally empty wealthy individuals, tricking them into investing in fake projects. The worst part is a former CEO of an American bank who was scammed out of 47 million, directly receiving a 24-year 'sewing machine training class'! Truly, losing both money and life, it's a tragedy!
With this incident, my first reaction is: the regulator's knife is truly sharpened this time!
USDT becomes the focus! All dirty money is using USDT. Although Tether received praise for helping catch thieves this time, they will definitely be monitored even more closely! In the future, large transfers might be flagged and frozen in no time. Exchanges must be trembling! Compliance is the life-saving talisman for the future!
Scammers are going to cry! With such a large amount of dirty money being seized, the cost for pig-butchering gangs has skyrocketed! They need to distribute the money to more wallets, making the money laundering process more complex; they might have to give half of their profits to money laundering service providers. In the short term, if scammers hold back a bit, it’s a good thing, as the scent of fraud in the air can lessen.
Are institutions secretly happy? To be honest, seeing the authorities track down dirty money on the blockchain so effectively, I actually think it's a good thing! Previously, pension funds and large institutions were afraid to enter the market due to too much chaos, but now that law enforcement capabilities have improved, they might be more daring! Those people at BlackRock applying for Ethereum ETFs are standing even taller now!
BUT! Don't get too happy too soon! Here's the cold water: the cryptocurrency world is like a 'criminal roulette', over half of the trading volume might be 'dirty'! Just thinking about it gives me chills! Retail investors, you really need to be more careful when choosing exchanges in the future! Compliance giants are even more appealing! Hurry up and secure your wallet tools, and when you encounter projects with 'high returns' or 'sisters taking you flying', DYOR! DYOR! DYOR! It's important, say it three times! Otherwise, you might turn into 'roasted pig' in no time!
So, is this confiscation a 'detox' or an 'earthquake'? Old Tear Chicken thinks there might be some short-term panic selling pressure, but in the long run, it's definitely a big positive! With clearer regulations and the removal of tumors, institutions will finally dare to invest real money!
