The criminal group began its operations in May 2021, with the sources of the funds coming from illegal pyramid schemes, fraud and gambling. The group then converted the funds into the stablecoin tether and then recruited people around the world to open crypto accounts and help launder the funds, according to Chinese authorities.
Popular Crypto Wallet MetaMask Rolls Out ‘Smart Transactions’ to Combat Ethereum Front-Running
"There's $400 million every year that are being wasted on reverting transactions, stuck transactions, and just very obviously predatory MEV...