Argentina Seizes Over $8M USDT and $60M Cash in Investment Fraud Crackdown, Arrests 24

According to Infobae, Argentina's judicial authorities in Buenos Aires province recently conducted a large-scale operation against investment fraud, conducting 90 simultaneous raids that resulted in 24 arrests. The operation seized over $8 million USDT and nearly $60 million in cash, along with 80 phones, computers, and tablets. The targeted fraud scheme allegedly caused losses exceeding $3 billion.

The raid volume surpassed the province's previous record. In 2024's RainbowEx operation, authorities had recovered over $2 million, according to the Buenos Aires Attorney General's Cryptocurrency Asset Assistance and Coordination Group.