Reports suggest that Tether (USDT) is utilized by drug trafficking organizations, including the notorious Sinaloa cartel, for money laundering and moving wealth across borders. USDT is reportedly traded at a discount in Mexico due to widespread awareness of its connection to drug proceeds. This trend originates from Mexico-based groups selling USDT at reduced rates compared to the market price, which is then sold for profit in Colombia. The situation is exacerbated by criminal cases involving various organizations, including a Canadian Olympic snowboarder’s gang implicated in cocaine trafficking and multiple murders. The reports underline the growing concern regarding cryptocurrencies like USDT being exploited for illegal activities, raising alarms about the impact on its market integrity.

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