Cryptocurrency has been hailed as the financial revolution of our time, but with great power comes great responsibility—or in some cases, great criminal ingenuity. Tether (USDT), a stablecoin pegged to the US dollar, has become a go-to tool for Mexican and Colombian drug cartels looking to launder millions of dollars, according to unsealed court records. Let’s unpack how a digital asset designed for transparency and stability found itself deep in the murky world of global narcotics.
In the spring of 2025, as Easter dawns with its promise of renewal and resurrection, Changpeng Zhao—known to the crypto world as CZ—stands as a figure both fallen and reborn. Once the towering architect of Binance, the world’s largest crypto exchange, Zhao’s journey mirrors the Easter narrative: a descent into legal purgatory followed by a reemergence into the public eye.