Argentina orders Tether to freeze 3.5 million USDT related to Rainbowex
Internet reports that Argentine authorities have ordered Tether to freeze 3.5 million USDTs related to Rainbowex, which is suspected of pyramid schemes affecting thousands of people. The operation involved 22 search warrants and detained 22 people. Rainbowex misled investors with promises of cryptocurrency returns, but operated a closed-loop system that refused to withdraw funds. Investigations revealed that actors were hired to pose as company representatives at events.
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