Global #fraud

United States authorities have apprehended two individuals believed to be the masterminds behind a money laundering operation involving the funneling of over $73 million through U.S. financial institutions, ultimately converting the funds into Tether (USDT).

A fresh set of accusations has been brought against David Pan, the founder of the cryptocurrency exchange ACE, and another thirty-one people connected to the case in the ongoing legal battle between Taiwanese authorities and former executives of the company.

Currently, the CEO of Terraform Labs is being investigated for fraud by the Securities and Exchange Commission, federal prosecutors in New York, and South Korea.