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»ADOPTION NEWS»Tether worked with the DOJ to seize more than $6 million from the crypto trust scheme.
ADOPTION NEWS

Tether worked with the DOJ to seize more than $6 million from the crypto trust scheme.

By Crypto FlexsSeptember 30, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Tether worked with the DOJ to seize more than  million from the crypto trust scheme.
Share
Facebook Twitter LinkedIn Pinterest Email

james ding
September 28, 2024 08:57

Tether demonstrates its commitment to fighting fraud by helping the U.S. Department of Justice seize more than $6 million linked to a cryptocurrency trust scheme in Southeast Asia.





Digital asset industry leader Tether announced that it has partnered with the U.S. Department of Justice (DOJ) to seize more than $6 million in assets linked to a Southeast Asia-based cryptocurrency trust scheme, according to Tether.io. These efforts highlight Tether’s ongoing commitment to working closely with law enforcement to combat fraud and protect the cryptocurrency ecosystem.

DOJ’s Swift Action

The DOJ announced that it had seized funds from a scheme that defrauded individuals by mimicking legitimate platforms. Tether’s intervention included an asset freeze that facilitated a rapid recovery process by the DOJ. The U.S. Attorney’s Office in Washington, D.C., has publicly acknowledged Tether’s significant role in transferring seized assets.

Previous Collaboration

Over the past 12 months, Tether has played a key role in several law enforcement actions. This includes helping seize approximately $9 million in USD₮ from a cyber fraud ring, approximately $5 million in USD₮ from disrupting a pig slaughter operation, and seizing $1.4 million worth of USD₮ tokens from a tech support fraud network. This includes helping out.

Commitment to Transparency

Tether’s proactive stance in support of law enforcement reflects its commitment to transparency and accountability within the cryptocurrency industry. To date, the company has supported more than 180 enforcement agencies across 45 jurisdictions, intercepted more than $1.8 billion USD₮, redistributed more than $128 million USD₮ to rightful owners and authorities, and secured more than 1,850 USD₮ related to illegal activities. We have voluntarily blocked more than one wallet.

Paolo Ardoino, CEO of Tether, emphasized the company’s commitment to global law enforcement efforts, saying: “We stand ready to work with government agencies to provide all the tools necessary to punish bad actors around the world and ultimately support victims.”

continuous effort

Tether is committed to fighting illegal activity and protecting the integrity of the cryptocurrency ecosystem. To learn more about Tether’s proactive actions and plans, visit TetherFacts.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 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

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025
Most Popular

Bitcoin’s range-bound price movement can activate BNB, TON, AAVE, and HNT.

August 20, 2024

Wall Street experts point to bullish targets for altcoins to outperform SOL and ETH.

September 27, 2024

Rune Reading: Bitcoin’s market capitalization to transaction fee ratio has been lower than Ethereum’s for a while.

May 1, 2024
  • 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.