Tether Aids Law Enforcement, Seizing $12 Million in Cryptocurrency Scams

Tether, a leading cryptocurrency stablecoin issuer, has played a crucial role in combating online scams by collaborating with law enforcement agencies to seize over $12 million. This seizure was part of a large-scale operation targeting a network operating across Southeast Asia. The Thai authorities led the effort, resulting in the arrests of 73 individuals and seizing assets totaling over 522 million baht linked to the fraud scheme. Tether’s blockchain technology allowed law enforcement to trace the illicit funds associated with this scam.