An Olympic snowboarder faces criminal charges for his involvement in a cocaine trafficking ring that utilized Tether (USDT) as a crucial component of its illegal activities. The U.S. Department of Justice indicted former pro snowboarder Ryan James Wedding and 15 others for running a drug-trafficking syndicate that transported cocaine from Colombia to the U.S. and Canada via Mexico. The syndicate allegedly committed multiple murders and employed cryptocurrency, specifically Tether, to avoid detection. The indictment revealed that Tether was used for payments and QR codes were utilized for transactions. Authorities seized over $3.2 million in cryptocurrency, along with cocaine and weapons. Wedding, a former Olympian, is currently evading law enforcement, with a $50,000 reward offered for his capture. Tether, a controversial cryptocurrency, is widely used in trading despite concerns about its backing and auditing practices. Read more AI-generated news on: https://app.chaingpt.org/news

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