Argentina Orders Tether to Freeze 3.5 Million USDT Related to Rainbowex

Argentine authorities have ordered Tether to freeze 3.5 million USDT related to Rainbowex, which is suspected of being involved in pyramid schemes and affecting thousands of people. This operation involves 22 search warrants and the detention of 22 people. Rainbowex misled investors with promises of cryptocurrency returns, but operated a closed-loop system and refused withdrawals. Investigations have shown that some people hired actors to impersonate company representatives during events.