Tether says it aided in the recovery of the stolen crypto by freezing the scammers wallets, which the FBI then seized.
Authorities have seized over $6 million worth of cryptocurrency from wallets connected to Southeast Asia based scammers targeting United States citizens with confidence investment schemes.
On Sept. 26, the US Attorney’s Office for the District of Columbia reported the fraud saw “one or more individuals” lose millions of dollars after being misled into believing they were investing in legitimate crypto enterprises.
The FBI traced the stolen funds on the blockchain and located multiple crypto wallet addresses connected to the scam, which still held over $6 million of victims’ digital assets.
