CoinScoopUS Authorities Shut Down Illegal Chinese Marketplace Shinbi, Freeze $55M in USDT
U.S. authorities have seized 49 cryptocurrency wallets associated with the illegal Chinese marketplace Shinbi, freezing approximately $55 million (8 billion JPY) worth of Tether (USDT). In response, Shinbi has criticized the action and announced a transition to USDD.
Summaries are written by AI from the original article. Not investment advice.