In Venezuela, scammers trick stores with fake "USDT" tokens
- —Scammers create tokens under the USDT name that are not backed by real assets
- —The fake tokens are used to imitate payments in Venezuelan stores
- —The victims are local merchants who accept crypto payments
Why it matters: The scheme undermines trust in crypto payments in Venezuela, where USDT is widely used as a dollar substitute.
Source: CriptoNoticias