Tether assists the U.S. Department of Justice in freezing over $6 million in assets related to a Southeast Asian fraud scheme

ChainCatcher news, according to official sources, Tether has announced that it has assisted the U.S. Department of Justice in freezing over $6 million in assets related to a Southeast Asian fraud scheme that deceived users by mimicking legitimate platforms. Tether froze the relevant assets and helped the U.S. Department of Justice quickly recover the funds, with the U.S. Attorney's Office in Washington, D.C. publicly acknowledging Tether's assistance.

Tether stated that it has assisted over 180 law enforcement agencies across 45 jurisdictions in freezing more than $1.8 billion worth of USDT, redistributing over $128 million of USDT to legitimate owners and law enforcement agencies, and voluntarily freezing more than 1,850 wallets associated with illegal activities.