Rajasthan’s police have disrupted a criminal operation involving the misuse of the cryptocurrency Tether (USDT) for money laundering purposes. The network was found to be sending over ₹1 crore abroad, facilitating transactions for cybercriminal syndicates in Dubai and France. The arrest of key individuals and seizure of devices used in the scheme highlight the challenges cryptocurrencies face with illegal activities.
Despite efforts by Tether and its partners to monitor and prevent misuse, the incident underscores the need for stronger regulations and international cooperation in the fight against cybercrime and financial fraud.
