Argentine police crack down on false investment fraud, confiscating 8 million USDT
According to Infobae, the Attorney General's Office of Buenos Aires Province in Argentina coordinated multiple judicial departments and police to launch a joint operation called Fake Coins against cryptocurrency fraud cases. The police conducted 90 simultaneous searches nationwide, arrested 24 suspects, seized a total of 8 million USDT (worth over 8 million US dollars), 6 million pesos in cash, and a large number of electronic devices. The investigation shows that criminal gangs induced investments through social media and fake apps, resulting in losses of up to 3 billion pesos. Among them, the San Siro judicial department seized most of the encrypted assets in an investigation against a Chinese criminal gang that stole information and laundered money through malicious software. Some of the funds were converted into USDT through Binance P2P.