TechFlow News — On October 17, the U.S. Department of Justice disclosed a case file related to drug trafficking and money laundering in Latin America, revealing connections to the dollar-pegged stablecoin Tether. Among the six individuals arrested in this case, five were born in mainland China and currently reside in Latin America or the United States, while one resides in Hong Kong, China. They are: XiZhi Li (also known as "Z," AKA "Piglet"), Jianxing Chen (also known as "Big Brother Heng," aka "John"), Jiayu Chen (also known as "John's Brother-in-law"), Jingyuan Li, Eric Yong Woo, and Tao Liu (also known as "Antony/Jason/Lucas Liu"). A U.S. Drug Enforcement Administration agent apprehended the suspects during an undercover sting operation. At the time, Tao Liu attempted to pay the agent $150,000 for a U.S. passport. The agent revealed that if Liu prepaid $10,000, someone within the U.S. government would assist him in obtaining the passport. Previously, Liu had used Tether to complete four transactions, each valued at $1,000. If convicted, these individuals could face a minimum sentence of 10 years in prison. (decrypto)
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