Tether Helped Recover Over $108.8 Million in USDT Linked Fraud
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Since its launch in 2014, stablecoin issuer Tether has played a crucial role in assisting global law enforcement in the fight against illicit cryptocurrency activities.

According to recent news, Tether has helped over 145 law enforcement agencies recover $108.8 million in USDT tied to illegal activities. This recovery effort is part of Tether’s broader mission to support authorities in combating the misuse of cryptocurrencies in criminal activities.

According to its CEO Paolo Ardoino, Tether collaborates with global law enforcement agencies to prevent and address illicit uses of its stablecoin. To this end, Tether has voluntarily blocked over 1,900 cryptocurrency wallets worldwide linked to illegal activities. These proactive interventions highlight Tether’s commitment to being a responsible player in the cryptocurrency space.

US Prosecutors Crack Down on Crypto Pig Butchering Scams

Some days ago, the US District Attorney’s Office for the Eastern District of North Carolina seized nearly $5 million worth of Tether (USDT) linked to a pig butchering ring. The funds traced to cryptocurrency addresses allegedly involved in laundering proceeds from these scams represent a significant victory for law enforcement.

Furthermore, this fund seizure follows a similar raid by the Department of Justice in May, in which it arrested two individuals for running a $73 million money laundering scheme that converted funds into Tether’s USDT.

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