The US Secret Service seized millions of dollars worth of assets belonging to the bank, detecting that it was involved in the defrauded activities of the Bahamian bank Deltec, which serves crypto money companies.
A Bahamian-based bank known for its ties to crypto, as part of a money laundering investigation into crypto money and other electronic crimes, according to files transferred by the secret service. Millions of dollars worth of assets owned by Deltec It was seized last June.
The sworn statement shared by the authorities is also the secret service’s $58.5 million While it is stated that it has the authority to seize up to June 13 And 15 June were reported to have taken place. On the other hand, regarding the amount of assets confiscated by the Secret Service, no clear explanation.
Accounts targeted by the secret service, in New York Mitsubushi Bank UFJ Trust These were escrow accounts at another bank called Deltec, but opened by Deltec on behalf of corporate clients.
In a statement released by law enforcement, the bank international money laundering organizations to get customers’ money when it is stated that he is an intermediary high yield earning products presented was emphasized.
However, while the profit products offered do not reflect the truth in any way, they are completely by deceiving customers It was designed to raise funds.
The following statements between the lines of the secret service’s statement drew attention:
Law enforcement is investigating international money laundering syndicates that run cryptocurrencies and other financial scams. Victims were fraudulently encouraged to transfer money to front companies, at which point the money passed through a series of transfers, often ending overseas, designed to conceal the source, nature, ownership and control of the funds.
USDT connection attracted attention
World’s largest stablecoin issuer Tether (USDT) by 2021 was using Deltec as the primary bank. But in 2021, Tether will sell most of its assets to Deltec’s competitor. to Capital Union Bank started to hand over.
While Forbes confirmed that current events have nothing to do with Tether, there was no official statement from the Tether front regarding the seizures.