Tether Helps FBI Seize $1.4M USDT in Fraud Crackdown

The United States Attorney’s Office in Chicago, Illinois, disclosed the seizure of approximately $1.4 million in Tether (USDT). The funds were allegedly linked to a fraudulent scheme involving customer support scams. The operation was a joint effort between the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and Tether. The cryptocurrency company played a pivotal role in assisting government agencies to clamp down on financial fraud within the digital currency ecosystem.