ExchangeDEX+

Buy Crypto Markets Spot FuturesBTC Earn Event Center

UK investigates Tether’s role in funding Russian military operations. Crypto networks linked to money laundering face intensified government scrutiny. NCA uncovers billion-dollar illegal cash-to-crypto operation across UK. The UK’s National Crime Agency (NCA) is investigating the use of Tether (USDT), a prominent cryptocurrency, in funding Russian military activities. Christopher Harborne, a notable supporter of former UK politician Nigel Farage, is reported to hold a 12% stake in Tether, a connection that has raised concerns due to the stablecoin’s involvement in illegal financial transactions. Although Harborne has not been accused of any crimes, critics have pointed out the potential damage to his reputation due to his ties with Tether. The NCA’s probe reveals that Tether is being used to circumvent international sanctions and launder funds, ultimately supporting Russia’s military operations. Also Read: Bitcoin Faces 12% Dip in 7 Days, Whale Activity and Losses Weigh on Price Alongside these findings, the NCA uncovered Operation Destabilise, a massive criminal network running throughout the UK. Two major groups, Smart and TGR, are allegedly at the heart of this operation, which involves exchanging illicit cash for cryptocurrency. As part of the investigation, more than £25 million ($32.6 million) in cash and cryptocurrency has been seized, with 128 arrests made so far. Tether’s Role in Illicit Financial Networks Tether’s widespread use in illegal activities, including money laundering and the financing of sanctioned individuals, has sparked concern within the crypto industry. While most users rely on USDT for legitimate transactions, its involvement in these schemes threatens to tarnish the image of stablecoins. The growing scrutiny could lead to tougher regulations on stablecoin transparency and ownership. The NCA’s findings suggest that cryptocurrency exchanges and cash-to-crypto services will face increased oversight as authorities aim to prevent such illicit activity. Lawmakers are expected to push for stronger regulations on stablecoins, which could further impact the crypto market. This investigation highlights the need for greater accountability within the cryptocurrency industry, as regulators continue to crack down on its use for illegal financial activities. The potential for stricter laws could slow the wider adoption of cryptocurrencies, as trust in these digital assets is vital for their growth. Also Read: U.S. Investigates Bitmain for National Security Threats Amid China Tensions The post UK Investigates Crypto Tether Ties to Russian Military Funding and Money Laundering appeared first on 36Crypto. UK investigates Tether’s role in funding Russian military operations. Crypto networks linked to money laundering face intensified government scrutiny. NCA uncovers billion-dollar illegal cash-to-crypto operation across UK. The UK’s National Crime Agency (NCA) is investigating the use of Tether (USDT), a prominent cryptocurrency, in funding Russian military activities. Christopher Harborne, a notable supporter of former UK politician Nigel Farage, is reported to hold a 12% stake in Tether, a connection that has raised concerns due to the stablecoin’s involvement in illegal financial transactions. Although Harborne has not been accused of any crimes, critics have pointed out the potential damage to his reputation due to his ties with Tether. The NCA’s probe reveals that Tether is being used to circumvent international sanctions and launder funds, ultimately supporting Russia’s military operations. Also Read: Bitcoin Faces 12% Dip in 7 Days, Whale Activity and Losses Weigh on Price Alongside these findings, the NCA uncovered Operation Destabilise, a massive criminal network running throughout the UK. Two major groups, Smart and TGR, are allegedly at the heart of this operation, which involves exchanging illicit cash for cryptocurrency. As part of the investigation, more than £25 million ($32.6 million) in cash and cryptocurrency has been seized, with 128 arrests made so far. Tether’s Role in Illicit Financial Networks Tether’s widespread use in illegal activities, including money laundering and the financing of sanctioned individuals, has sparked concern within the crypto industry. While most users rely on USDT for legitimate transactions, its involvement in these schemes threatens to tarnish the image of stablecoins. The growing scrutiny could lead to tougher regulations on stablecoin transparency and ownership. The NCA’s findings suggest that cryptocurrency exchanges and cash-to-crypto services will face increased oversight as authorities aim to prevent such illicit activity. Lawmakers are expected to push for stronger regulations on stablecoins, which could further impact the crypto market. This investigation highlights the need for greater accountability within the cryptocurrency industry, as regulators continue to crack down on its use for illegal financial activities. The potential for stricter laws could slow the wider adoption of cryptocurrencies, as trust in these digital assets is vital for their growth. Also Read: U.S. Investigates Bitmain for National Security Threats Amid China Tensions The post UK Investigates Crypto Tether Ties to Russian Military Funding and Money Laundering appeared first on 36Crypto.

UK Investigates Crypto Tether Ties to Russian Military Funding and Money Laundering

2025/11/22 17:09

UK investigates Tether’s role in funding Russian military operations.
Crypto networks linked to money laundering face intensified government scrutiny.
NCA uncovers billion-dollar illegal cash-to-crypto operation across UK.

The UK’s National Crime Agency (NCA) is investigating the use of Tether (USDT), a prominent cryptocurrency, in funding Russian military activities. Christopher Harborne, a notable supporter of former UK politician Nigel Farage, is reported to hold a 12% stake in Tether, a connection that has raised concerns due to the stablecoin’s involvement in illegal financial transactions.

Although Harborne has not been accused of any crimes, critics have pointed out the potential damage to his reputation due to his ties with Tether. The NCA’s probe reveals that Tether is being used to circumvent international sanctions and launder funds, ultimately supporting Russia’s military operations.

Also Read: Bitcoin Faces 12% Dip in 7 Days, Whale Activity and Losses Weigh on Price

Alongside these findings, the NCA uncovered Operation Destabilise, a massive criminal network running throughout the UK. Two major groups, Smart and TGR, are allegedly at the heart of this operation, which involves exchanging illicit cash for cryptocurrency. As part of the investigation, more than £25 million ($32.6 million) in cash and cryptocurrency has been seized, with 128 arrests made so far.

Tether’s Role in Illicit Financial Networks

Tether’s widespread use in illegal activities, including money laundering and the financing of sanctioned individuals, has sparked concern within the crypto industry. While most users rely on USDT for legitimate transactions, its involvement in these schemes threatens to tarnish the image of stablecoins. The growing scrutiny could lead to tougher regulations on stablecoin transparency and ownership.

The NCA’s findings suggest that cryptocurrency exchanges and cash-to-crypto services will face increased oversight as authorities aim to prevent such illicit activity. Lawmakers are expected to push for stronger regulations on stablecoins, which could further impact the crypto market.

This investigation highlights the need for greater accountability within the cryptocurrency industry, as regulators continue to crack down on its use for illegal financial activities. The potential for stricter laws could slow the wider adoption of cryptocurrencies, as trust in these digital assets is vital for their growth.

Also Read: U.S. Investigates Bitmain for National Security Threats Amid China Tensions

The post UK Investigates Crypto Tether Ties to Russian Military Funding and Money Laundering appeared first on 36Crypto.

Market Opportunity

Notcoin Price(NOT)

$0.0006118

$0.0006118$0.0006118

-6.46%

USD

Notcoin (NOT) Live Price Chart

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.