Binance CEO Breaks Silence on $47 Million USDT Freeze

Binance CEO Richard Teng confirmed that the exchange froze nearly $50 million in cryptocurrency tied to so-called "pig butchering" scams. The operation, which included law enforcement in the Asia-Pacific region (APAC), Chainalysis and stablecoin issuers, successfully prevented as much as $47 million from being cashed out.

Source: u.today

Related symbols: USDTUSD