Security· ★★★· bearish·

Taiwan busts USDT laundering network that moved 20.1B yuan via NOW PAY and X PAY

  • —NOW PAY handled 16.31 billion yuan in 283 days, or 81% of total volume
  • —X PAY processed 3.81 billion yuan between November 2025 and May 2026
  • —Profit of 315 million yuan equals about 1.57% of turnover
  • —The probe began after an employee's death led investigators to 'USDT' mentions in a company chat
Why it matters: The case highlights how unregistered USDT platforms evade VASP rules in Asia, with fines far below the profits generated.
#USDT
Source: 動區 BlockTempo
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