Malaysian police have arrested 40 people in connection with an alleged illegal crypto exchange that was suspected of allowing Mainland Chinese citizens to trade USDT for cash. The police’s commercial crime investigation team and the National Financial Crime Center conducted the bust and claimed to have completely dismantled the exchange, which they also suspect of providing illegal online gambling services. The suspects, who were aged between 20 and 58, included 15 men and six women from China and at least one Singaporean man. The police seized 88 mobile phones, cash, gold bars, cars, luxury watches, handbags, and assorted gold jewelry, and prosecutors want to charge the suspects with money laundering, gambling, and crypto-related offenses.