Tether assisted the U.S. Department of Justice in seizing more than $6 million in assets from a Southeast Asian crypto fraud scheme

According to official news, Tether announced that it has assisted the U.S. Department of Justice in seizing more than $6 million in assets related to a Southeast Asian crypto scam scheme. The scheme deceived users by imitating legitimate platforms. Tether froze the relevant assets and helped the U.S. Department of Justice to quickly recover the funds. The U.S. Attorney's Office in Washington, DC publicly acknowledged that Tether provided assistance in transferring assets. To date, Tether has assisted more than 180 law enforcement agencies in 45 jurisdictions, frozen more than $1.8 billion, redistributed more than $128 million in funds to its legal owners and law enforcement agencies, and voluntarily frozen more than 1,850 wallets related to illegal activities to assist global law enforcement.