Ted Hisokawa
Jun 18, 2025 16:20
Tether collaborates with the DOJ to seize $225 million in USDt linked to a ‘pig butchering’ fraud scheme, enhancing its reputation in compliance and global crime prevention.
Tether, renowned as a leading entity in the digital assets sector, has been formally acknowledged by the United States Department of Justice (DOJ) for its pivotal role in an enforcement action that resulted in the seizure of approximately $225 million in USDt. This operation targeted a sophisticated ‘pig butchering’ fraud scheme that exploited individuals across various jurisdictions, according to Tether.
Commitment to Compliance and Security
Tether has consistently shown its dedication to enhancing compliance and security within the digital asset sphere. Leveraging real-time tracking and advanced analytics, Tether has successfully frozen and blocked over $2.7 billion in USDt associated with illicit activities. Their collaborative efforts span over 255 law enforcement agencies across more than 55 countries, setting a new standard for financial security in the digital ecosystem.
Collaboration with the DOJ
The recent collaboration with the DOJ underscores Tether’s commitment to supporting law enforcement and maintaining the integrity of the global financial system. Tether’s CEO, Paolo Ardoino, emphasized the company’s dedication to transparency and proactive engagement with authorities to protect users across the digital asset ecosystem.
Historical Support for Law Enforcement
Tether’s efforts in assisting global law enforcement are well-documented. Earlier in 2025, Tether aided the U.S. Secret Service in freezing $23 million in USDt linked to the sanctioned exchange Garantex. Additionally, Tether has worked with Tron, TRM Labs, and Spanish authorities to freeze over $100 million in illicit funds. In 2024, Tether collaborated with the Ontario Provincial Police to recover stolen digital assets and assisted in freezing over $6 million connected to a Southeast Asia-based criminal network.
These actions highlight Tether’s ongoing commitment to combatting financial crimes and ensuring that stablecoins are not exploited by malicious actors. The company’s proactive measures in compliance and crime prevention continue to bolster its standing as a leader in the digital asset industry.
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