US Justice Department seizes 9M USDT amid $225M illicit funds frozen by Tether
Summary
The U.S. Department of Justice (DOJ) seized roughly $9 million worth of Tether cryptocurrency connected to a criminal organization responsible for online romance scams. The funds were allegedly part of Tether's recent freezing of $225 million from external self-custodied wallets tied to scam activities. These scams prey on unsuspecting victims, persuading them to invest in purportedly legitimate businesses before defrauding them. The U.S. Secret Service tracked the laundered crypto through various wallet addresses and exchanges. The government thanked Tether for its role in effectuating the asset transfers. The DOJ is planning further significant cryptocurrency enforcement actions in partnership with other U.S. agencies.
