Gujarat CID Don Bust ₹200 Cr USDT Money Laundering Gang Using BitGet & Binance
Di CID wey dey Gujarat cid eye Cyber Crime Centre don tear down one laundering network wey dey do USDT laundering up to ₹200 crore for BitGet and Binance. One man wey dey Surat, Chetan Gangani, dem arrest am say e dey convert proceeds from 386 cyber fraud cases into USDT by using almost 100 mule bank accounts. For four months, e help pass transactions worth ₹10 crore and e dey collect 0.10% commission for every deal. Investigators follow the money waka through seven layers, dem see say some of the money waka go Pakistan and Dubai and dem locate over ₹25 crore for one Binance wallet wey dey Pakistan. This case dey show how USDT dey help cover money trail. Authorities dey warn crypto traders to check investment offers, dey watch for USDT laundering wahala, and report any yeye activity to national cybercrime portal.
Neutral
Dis crackdown against one ₹200 crore USDT laundering ring no dey likely to affect USDT’s USD peg. For short term, the enforcement action dey reduce illicit flows and e dey raise compliance standards. For long term, e fit make people trust regulated stablecoins more, but demand and price stability for stablecoin still dey driven by market factors. So, the impact on USDT’s price na neutral.