Argentina’s Buenos Aires Public Prosecutor’s Office said it arrested 24 people and seized more than 8 million $USDT in a nationwide sweep it called “Fake Coins,” one of the largest crypto-enforcement actions in the province’s history.

The 90 simultaneous raids, executed by the Argentine Federal Police’s Cybercrime Directorate, also yielded nearly 60 million pesos in cash and 80 mobile phones. The prosecutor’s office put the dismantled schemes’ total economic damage at almost 3 billion pesos — roughly $2.4 million at recent rates — across more than 100 separate complaints.

The seizure exceeds the more than $2 million in cryptocurrency confiscated in the 2024 RainbowEx operation, the prosecutor’s office said, making “Fake Coins” the…