Treasury Sanctions a $24 Billion Scam Marketplace as It Flees Tether for a Rival Stablecoin
Regulation
OFAC designated Xinbi Guarantee, the Chinese-language platform that absorbed Huione's customers after US regulators shut that network out, while the Justice Department seized its infrastructure. Its operators had already told users they were leaving tether for a stablecoin that is harder to freeze.
USDT
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