In a police operation, HS was detained for creating fake accounts and manipulating the USDT balance system on Markets.com. Authorities reported a total loss of $398,000, seizing substantial assets including 266,801 USDT.
HS could face significant legal action under Indonesian law, with the possibility of up to 15 years in prison and fines. Experts stress that exchanges need to bolster KYC practices to prevent future fraud.
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