#稳定币监管风暴
Shanghai police strike hard! Break up a shocking case of 6.5 billion 'crypto arbitrage': USDT has become a tool for illegal fund transfers, hiding enormous risks. When 'crypto arbitrage' transforms from an arbitrage strategy in cryptocurrency trading into a sinister tool for cross-border illegal fund transfers, it ultimately cannot escape the thunderous sanctions of the law! Recently, the Shanghai police announced a shocking report, successfully dismantling a major case involving an amount as high as 6.5 billion yuan related to an 'underground money house' in the crypto space. Seventeen shell companies used USDT (Tether) to conduct 'wash trading', attempting to cover up the crime of fund transfer with covert operations, but were completely exposed under the police's sharp scrutiny!
