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May 31, 2026

Argentine Prosecutors Arrest 24, Seize Over $8 Million in USDT in Multi-Ring Crypto Fraud Operation

Buenos Aires prosecutors conducted 90 simultaneous raids targeting three fraud rings involving fake trading apps, WhatsApp hijacks, and Chinese-origin schemes, freezing more than 8 million USDT and arresting 24 individuals.

May 31, 2026·1 source
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Top claims

  • ▪The Buenos Aires Public Prosecutor's Office called Operation Fake Coins one of the largest crypto-enforcement actions in the province's history
  • ▪The Argentine Federal Police's Cybercrime Directorate executed the Operation Fake Coins raids
  • ▪The Azul branch of the second fraud ring yielded 4,025 USDT seized from offshore accounts

Topics

Crypto regulationStablecoinsCrypto enforcement actionsWhatsApp

Related entities

ChinaUSDTArgentina