**Crypto Scam Bust: $6M Seized from Southeast Asian Fraudsters**

Authorities have seized over $6 million in cryptocurrency from wallets linked to Southeast Asian scammers targeting U.S. citizens. The fraudsters convinced victims they were investing in legitimate crypto ventures, only to funnel the funds into their own accounts.

- **FBI Involvement**: The FBI tracked the stolen funds via blockchain, identifying multiple wallets still holding the victims' assets.

- **Tether's Role**: Tether assisted by freezing the scammers' wallets, aiding in the swift recovery of the stolen crypto.

- **Scam Tactics**: Victims were approached through misdirected texts, dating apps, and fake investment groups. Scammers gained trust, then directed funds to fraudulent platforms mimicking legitimate ones.

- **Impact**: The FBI reported that crypto investment scams are devastating, with victims losing millions and even taking out second mortgages. In 2023, 71% of reported crypto fraud was related to investment schemes, totaling $3.9 billion in losses.

Stay vigilant and double-check any investment opportunities to avoid falling prey to such scams.