Summary
- The NCA announced that it is investigating a large-scale Global Assets fraud case in cooperation with multiple countries.
- The main medium used was USDT, and the related network includes drug cartels.
- This investigation is the largest in NCA history, with all investigative capabilities focused.
According to the Financial Times on the 4th (local time), the UK National Crime Agency (NCA) is at the center of a large-scale investigation into a 'Global Assets' fraud case involving multiple countries. The scale of the fraud is reported to be in the tens of billions of dollars. The NCA stated, "So far, the investigation has revealed that drug cartels, money launderers, and Russian spies have used the fraud network," adding, "They primarily used USDT (Tether) to launder money." Furthermore, the NCA emphasized, "This investigation is the largest fraud case in NCA history," and "we are focusing all our investigative capabilities on tracking the network." 
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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