The US Department of Justice (DOJ) has seized 9 million Tether (USDT) known to belong to a fraud ring affecting dozens of victims.
Tether, the world’s largest stablecoin issuer 20 November In his statement on DOJ And OKX in collaboration with fraudsters 225 million USDT He announced that he was freezing it voluntarily. This asset freezing operation Highest volume operation in Tether history It was recorded as.
Funds frozen by the company 9 million USDT to DOJ confiscated. In the statement made by the Ministry, “Pig ButcheryScammers using the method called ” more than 70 victims was reported to have an impact. DOJ says cryptocurrency accounts belonging to this fraud ring was followed to the last extent and as a result of research 9 million USDTHe emphasized that .
Through this seizure, the DOJ is investigating organized crime based in the United States that stole millions from victims. dealt a major blow to the criminal network stated:
Through this significant seizure, we disrupted the financial infrastructure of an organized network of fraudsters who stole millions from victims in the United States. These scammers prey on ordinary investors by creating websites that tell their victims that their investments are working to make them money. The truth is that these international criminal actors simply steal cryptocurrencies and leave the victims with nothing.
In the statement made by the institution, it was stated that alternative methods provided by the cryptocurrency industry It will not prevent them from catching the criminals. included:
This seizure should also serve as a reminder to cybercriminals that while the current landscape of the cryptocurrency ecosystem may seem like an ideal way to launder ill-gotten gains, law enforcement will continue to develop the expertise needed to track the money and seize it back for victims.
In the method called “Pork Butchery”, fraudsters social media and dating apps by gaining the trust of their victims through fake cryptocurrency trading platforms persuades to invest.