Tether Assists the U.S. Department of Justice to Seize $6 Million in Assets: Proactive Action to Combat Crypto Scams

Tether announced today that it has successfully assisted the U.S. Department of Justice in seizing $6 million in assets related to a Southeast Asian cryptocurrency scam. This move marks Tether's active efforts in combating fraud in the crypto space and further consolidates its important role in global law enforcement cooperation.

Milestones in Law Enforcement Cooperation

To date, Tether has worked with more than 180 law enforcement agencies in 45 jurisdictions to successfully freeze more than $1.8 billion in USDT. This huge number not only reflects Tether's emphasis on compliance, but also demonstrates its key role in maintaining the stability of the crypto market. In the past 12 months, Tether has assisted U.S. law enforcement agencies in handling several important cases, including the seizure of nearly $9 million in USD₮ and nearly $5 million in other scam-related assets.

Threat of Crypto Scams

As cryptocurrencies become more popular, fraudulent activities are also increasing, especially in Southeast Asia. Tether's actions are not only a response to specific cases, but also a defense of the healthy development of the entire industry. By freezing suspicious assets, Tether effectively prevents potential economic losses and protects the interests of investors.

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