Indian Police Acquire$ 2.5 Million USDT from Alleged Scam Activity

According to the researchers, a collaboration between Thai and Foreign police officers led to two detention and the arrest of Tether’s USDT cryptocurrency worth$ 2.5 million.

The bitcoin assets were obtained through a large-scale con activity, according to a recent report by local English-language news outlet . The two Taiwanese citizens reportedly resisted arrest and made an attempt to delete data from their devices on February 5.

The suspects, 29-year-old Ye Wanyou and 30-year–old Li Weijie, were apprehended at a luxury house. That, researchers also seized$ 44, 550 worth of assets. Further inquiries in collaboration with Taiwanese authorities resulted in the melting of USDT fair$ 2.5 million.

A Wire spokesperson told that” with Tether, every motion is electronically, every deal is detectable, every advantage may be seized, and every criminal can get caught”.

The company agent added that the culprits ‘ arrest and the seizure of their USDT assets “is testament to the tracability and apprehending of criminals and their unlawful use of USDT.”

Additionally, cooperation with Chinese law enforcement produced evidence that suggested the suspects were involved in human smuggling activities along the Thai borders. Additionally, investigators discovered false product sales in Thailand and located possible practices of the activities in Phnom Penh, Cambodia.

Lieutenant General Siam Boonsom, a member of the Thai Police, reported that the two gentlemen were accused of engaging in public scams. Additionally, officials are opposed to granting parole, and probable accomplices have not yet been detained.

Not the first scam carried out by Taiwanese citizens outside of China.

Nearly 800 people were detained by the Nigerian Economic and Financial Crimes Commission in connection with crypto love schemes in mid-December 2024, with Chinese being one of the key players.

Among the arrested were 148 Chinese, 40 Filipinos, two Kharzartans, one Pakistan and one Indonesian, authorities said. In February, Hong Kong police have also intercepted over$ 3.37 million ( HK$ 34 million ) in scam proceeds as part of an elaborate operation targeting victims through the use of artificial intelligence.