2min chapter

FT News Briefing cover image

UK uncovers criminal crypto network

FT News Briefing

CHAPTER

The Intersection of Organized Crime and Cryptocurrency

This chapter explores the intricate connections between organized crime, such as European cocaine traffickers and Russian crypto exchanges used by ransomware groups. It reveals how Tether, a stable coin, plays a crucial role in laundering vast sums of money within this complex web of illicit activities.

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