Chainalysis: A company operating in Myanmar defrauded more than $100 million in less than two years and used USDT to transfer funds
100x Community: Myanmar should find new growth points, right? There is no way to survive in a place with poor mountains and rivers, so we can only pray that China will not be cheated.
On February 25, a company operating in Myanmar defrauded victims of more than $100 million in less than two years, according to an analysis by blockchain analytics firm Chainalysis and U.S. anti-slavery group International Justice Mission. Chainalysis said that based on its tracking of USDT, these assets were used to transfer funds from victims of the "hog killing plate". Its analysis said USDT was also used to make payments to a company called KK Park in eastern Myanmar, where families of trafficked workers were forced to pay ransom in exchange for the release of the victims.