United Nations: Tether has become one of the main payment methods for money launderers and scammers in Southeast Asia

ChainCatcher news, according to the Financial Times, the United Nations Office on Drugs and Crime warned in a report released on Monday that Tether, one of the world's largest cryptocurrency platforms, has become a major payment method for money launderers and scammers in Southeast Asia.

The report points out that USDT is at the core of a growing scam industry, which includes strategies such as creating fake romantic relationships to gain the victims' trust and then luring them into transferring large sums of money, commonly referred to as "pig butchering."

The report states: "In recent years, law enforcement and financial intelligence agencies have reported a rapidly growing use of advanced, high-speed money laundering teams specifically engaged in the underground use of USDT."