Security
FinCEN Ties $12.7B in Scam Proceeds to Tether (USDT) Laundering Trail
COINOTAG·September 4, 2026·1 min read
FinCEN tied $12.7 billion in suspicious activity to crypto investment scams, with proceeds almost exclusively converted into Tether's USDT before exiting. The agency flagged the transactions as part of a broader crackdown on illicit finance, highlighting the growing use of stablecoins in fraudulent schemes.
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