Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»HACKING NEWS»DOJ seizes $9 million worth of Tether in connection with cryptocurrency scam
HACKING NEWS

DOJ seizes $9 million worth of Tether in connection with cryptocurrency scam

By Crypto FlexsNovember 24, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
DOJ seizes  million worth of Tether in connection with cryptocurrency scam
Share
Facebook Twitter LinkedIn Pinterest Email
  • The U.S. Department of Justice (DOJ) has reportedly seized $9 million in stablecoin Tether (USDT).
  • These funds have been linked to a crypto romance and trust scam called “pig butchering.”
  • On Monday, Tether announced it had frozen $255 million linked to a human trafficking scheme.

The U.S. Department of Justice (DOJ) has announced the seizure of $9 million worth of stablecoin Tether (USDT), the government agency said in a press release on Tuesday.

Other fraud-related Tether news follows yesterday’s announcement that the USDT issuer had frozen millions of its own crypto tokens held in wallets linked to traffickers.

DOJ confiscated $9 million in USDT from Tether.

According to the DOJ, the funds were seized from wallets linked to an organization that allegedly exploited more than 70 victims through a romance and cryptocurrency scam called ‘Pig Slaughter.’

“These scammers prey on regular investors by creating websites that tell victims that their investments are trying to make money. The truth is that these international criminal actors simply steal cryptocurrency and leave their victims with nothing.,” Nicole M. Argentieri, Ag. The Attorney General of the Ministry of Justice’s Criminal Division said:

The cryptocurrency seizure followed extensive investigation and cooperation between the Department of Justice (DOJ) and U.S. Secret Service agents and analysts, the Justice Department noted. As reported, the perpetrators allegedly laundered this money through multiple exchanges and addresses using a technique called ‘chain hopping’.

The investigation into the fraud was conducted by the United States Secret Service of the San Francisco Field Office.

Today’s announcement from the DOJ comes one day after Tether announced that it had frozen over $255 million in USDT. The funds were linked to a human trafficking scheme in Southeast Asia.

According to the cryptocurrency company, the USDT freeze was a joint effort between Tether and cryptocurrency exchange OKX.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Director Trezor: What is the best hardware wallet in 2025?

May 31, 2025

US sanctions technology companies are related to millions of dollars of encryption fraud.

May 31, 2025

Encryption Inheritance Update: May 2025

May 29, 2025
Add A Comment

Comments are closed.

Recent Posts

SUI Prover improves smart contract verification in the SUI block chain

June 1, 2025

TRON Analysts predicts the following $ 0.30 rally, Unilabs Crosses Doge Volume.

June 1, 2025

Zero Knowledge Technology: In Linea’s study, the journey to the main net

May 31, 2025

Blockchain.com Nigeria in the court ruling

May 31, 2025

Sharplink’s $ 1B Ether Leeum Bet: How to Change ETH’s Game

May 31, 2025

The AI ​​drive model seasplat improves coral reefs.

May 31, 2025

It is a Gold Fallor Safety Dynasty Status, but the path of Bitcoin can be brighter: analysts

May 31, 2025

Bitcoin prices can be $ 2.5 million in 2025.

May 31, 2025

SEC CRYPTO Stacking Guidance Victory on Industrial Regulations, approval of Staked ETF

May 31, 2025

Gala Game introduces a discounted town star badge mystery pack.

May 31, 2025

Bitcoin prices extend losses. Is it a bigger disadvantage on the horizon?

May 31, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

SUI Prover improves smart contract verification in the SUI block chain

June 1, 2025

TRON Analysts predicts the following $ 0.30 rally, Unilabs Crosses Doge Volume.

June 1, 2025

Zero Knowledge Technology: In Linea’s study, the journey to the main net

May 31, 2025
Most Popular

Analysts Draw Critical Support Levels for Ethereum (ETH) After ETF Surge.

January 13, 2024

Crypto Twitter of the Week: Farcaster, Vision Pro, Dencun, Oh My!

February 11, 2024

Analysts say the Ethereum put-call options ratio is a bullish indicator for the market in 2024.

December 9, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.