Tether, the stablecoin issuer, has seized $5 billion in illicit funds linked to the "pig butchering" cryptocurrency scam. This recovery was made in collaboration with the United States Federal Bureau of Investigation (FBI). Pig butchering scams involve tricking victims into trusting the perpetrator and then persuading them to deposit assets into fraudulent cryptocurrency wallets or websites under the scammers' control. In a statement regarding the matter, Tether emphasized its commitment to assisting law enforcement agencies in preventing the unlawful use of its stablecoin technology and aiding victims of such scams.