Tether Aids Authorities in Seizure of $12M USDT Tied to Fraud
Tether worked with Thai police and the U.S. Secret Service in a joint operation that resulted in the seizure of about $12 million worth of USDT tied to an alleged fraud ring. Authorities say the seizure followed coordinated investigative work across jurisdictions, with Tether providing support that helped trace and identify funds associated with the network.
The case highlights increased collaboration between major crypto issuers and law enforcement, reinforcing anti-money laundering efforts and accountability in the stablecoin sector. For users and regulators, the operation may signal that issuers can play a practical role in disrupting illicit finance, though it also raises questions about cross-chain enforcement and the limits of on-chain controls.