The U.S. Department of Justice (DOJ) seized nearly $5 million in USDT from a 'pig butchering' crypto investment scam. Tether played a crucial role in assisting authorities by freezing multiple wallets associated with the fraud.
The scam operated by creating fake romantic relationships to deceive victims into making fraudulent investments. FBI agents meticulously traced funds through various crypto wallets to identify and recover the stolen assets.
Tether's cooperation was instrumental in disrupting the scheme and aiding the DOJ in their efforts to bring the perpetrators to justice.
