United States Attorney’s Office in Chicago seized a certain amount of Tether (USDT) on March 12. The seized amount was approximately $1.4 million and was suspected to be proceeds from a customer support scam.
The operation to recover the stolen funds was led by the Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI).
Tether, as stated by the US Attorney’s Office, assisted in the process. According to Tether’s press release, collaboration with the US government is crucial in fighting financial fraud within the cryptocurrency industry.
The seizure of $1.4 million worth of Tether is a major step towards maintaining integrity in this rapidly evolving industry.
The company remains dedicated to protecting its users and eliminating illegal activities. It will continue to work closely with law enforcement agencies worldwide to ensure a safer and more secure environment.
