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The USA Division of Justice introduced it had seized roughly $9 million price of USDT (USDT) following freezing funds linked to a legal group liable for romance scams.
In a Nov. 21 announcement, the Justice Division stated the seized funds got here from “scammers who stole hundreds of thousands from victims throughout the US” and had been presumably a part of Tether’s efforts to freeze $225 million price of USDT in “exterior self-custodied wallets” linked to the rip-off. The funds had been allegedly tied to a company liable for “pig butchering” romance scams, by which dangerous actors try to develop a web-based relationship with unsuspecting people, typically convincing them to put money into reliable companies earlier than conning them.
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