![Chinese police bust $1.9B USDT underground banking racket](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDUvMjFhZTI0YTktY2QxOS00NGNlLWE2ZDQtMTk4YmM1NGE4ODc0LmpwZw==.jpg)
Chinese police bust $1.9B USDT underground banking racket
CointelegraphThe authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.
The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.