Chinese police arrest 63 people accused of laundering up to ~$1.7B using Tether, starting in May 2021, after arresting 1,100+ people on similar charges in 2021 (Arjun Kharpal/CNBC)

Arjun Kharpal / CNBC:
Chinese police arrest 63 people accused of laundering up to ~$1.7B using Tether, starting in May 2021, after arresting 1,100+ people on similar charges in 2021  —  - Police in China arrested 63 people accused of laundering as much as 12 billion Chinese yuan ($1.7 billion) via cryptocurrency.