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Billion

<p><strong>Key points</strong>:</p>   
<ul class="wp-block-list">
  
 <li><em>Tether aids DOJ in $6m crypto-scam asset recovery.</em></li>   
 <li><em>Fraudsters mimic real platforms to deceive investors.</em></li>   
 <li><em>$1.8 billion in illicit USDT frozen by Tether to date.</em></li> 
</ul>   
<h5 class="wp-block-heading"><strong>Tether collaboration with DOJ freezes $6M from a crypto scam, freezing funds before they were laundered. Tether has blocked $1.8B in illicit USDT activities to date.</strong></h5>   
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 <a href="https://coincu.com/wp-content/uploads/2024/09/telegram-cloud-photo-size-5-6325474460722904795-y.jpg"><img src="https://coincu.com/wp-content/uploads/2024/09/telegram-cloud-photo-size-5-6325474460722904795-y-1024x576.jpg" alt="Tether Collaboration With DOJ Freezes $6M In Crypto-Scam Proceeds" class="wp-image-284953"></a>
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<h2 class="wp-block-heading" id="strong-tether-collaboration-with-doj-in-6m-crypto-scam-recovery-strong"><strong>Tether Collaboration with DOJ in $6M Crypto Scam Recovery</strong></h2>   
<p>Tether collaborated with the DOJ to freeze over $6 million in funds linked with a Southeast Asia-based cryptocurrency scam. The fraudsters created fake websites to pose as legitimate platforms to deceive investors into putting money in their pockets.</p>   
<p>Due to this coordination, the <a href="https://tether.io/news/tether-assists-u-s-department-of-justice-in-seizing-over-6-million-in-alleged-proceeds-linked-to-crypto-confidence-scheme/" target="_blank" rel="noreferrer noopener">Tether move enabled the law enforcers</a> to recover the money before being transferred into more obscure laundering structures.</p>   
<p class="has-background" style="background-color:#222222"><strong>Read more:<a href="https://coincu.com/242737-revolut-paused-some-crypto-services-by-fca/" target="_blank" rel="noreferrer noopener"> </a><a href="https://coincu.com/279092-conflux-and-china-mobiles-migu-debut-worlds-first-blockchain-based-video-ringtone/" data-type="link" data-id="https://coincu.com/279092-conflux-and-china-mobiles-migu-debut-worlds-first-blockchain-based-video-ringtone/" target="_blank" rel="noreferrer noopener">Tether Law Enforcement Support Pushed to Crack Down on Crypto Scam</a></strong></p>   
<h2 class="wp-block-heading" id="strong-tether-blocks-1-8-billion-in-illicit-usdt-activity-strong"><strong>Tether Blocks $1.8 Billion in Illicit USDT Activity</strong></h2>   
<p>Tether has frozen $1.8 billion in USDT connected to illicit activities over the years, as the company's continuous policy has been that of containing criminal operations: the latest case involved a Southeast Asian scam.</p>   
<p>Tether has gone a step further, even partnering with Chainalysis in a bid to help fight the use of its stablecoin in money laundering, fraud, and terrorism financing.</p>   
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Tether Collaboration With DOJ Freezes $6M In Crypto-Scam Proceeds

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