Tether has ‘redistributed’ $108.8M USDT from illicit activity since 2014
The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether.
Stablecoin issuer Tether has helped over 145 law enforcement agencies recover more than $108.8 million USDT linked to illegal activities since its launch in 2014, according to a recent statement.
“Tether remains resolute in its mission to support global law enforcement efforts in combating illicit uses of cryptocurrency,” Tether CEO Paolo Ardoini wrote in an Aug. 23 statement.
Ardoini claimed that Tether is “fully dedicated” to continue collaborating with law enforcement to combat fraud.
Go to Source
Author: Ciaran Lyons
