UN warns: Tether is increasingly favored by money launderers

According to the Financial Times, Tether has become one of the main payment methods for money launderers and fraudsters operating in Southeast Asia that have been warned by the United Nations.

According to a report released by the United Nations Office on Drugs and Crime on Monday, USDT is at the core of a growing fraud industry, including the strategy of using false romantic relationships to gain the trust of victims and then persuade them to transfer large sums of money, commonly known as "pig-killing schemes".

The report pointed out: "In recent years, law enforcement and financial intelligence agencies have reported a rapid increase in the use of advanced, high-speed money laundering teams specializing in the use of underground USDT."