US Authorities Seize $225.3 Million USDT Linked to Large-Scale Cryptocurrency Scams
DOJ has seized $225.3 million in USDT cryptocurrency laundered through a complex blockchain network, linked to investment fraud.
Tether cooperates with authorities to fight fraud, strengthen transparency and reliability of the Token.
In a groundbreaking move to combat cryptocurrency-related crimes, the U.S. government has seized $225.3 million worth of USDT, linked to widespread blockchain investment scams.
According to a lawsuit filed by the US Department of Justice in the District of Columbia, the seized assets were stored in cryptocurrency wallets tied to a sophisticated money laundering network based on blockchain technology.
This network is directly linked to scams, where scammers build trust through social media platforms or matchmaking apps to lure victims into fake investment traps.
After the victims transferred the money, the perpetrators disappeared, leaving behind a devastating financial legacy. This is the largest seizure of digital assets ever reported by the US Security Agency.
DOJ's Hunt for Cryptocurrency Scams
According to the Department of Justice, the perpetrators laundered the stolen USDT through the OKX exchange, distributing the assets through multiple accounts to conceal their origin.
They used Blockchain analysis to track and seize during the investigation, combined with the cooperation of partner crypto companies. Thanks to the easy-to-track USDT, the authorities were able to effectively seize these assets.
In a statement, the DOJ said:
“The complaint alleges that blockchain addresses holding more than $225.3 million in cryptocurrency were part of a complex money laundering network that conducted hundreds of thousands of transactions.”
They are used to conceal the nature, source, control and ownership of proceeds from fraudulent cryptocurrency investment activities.
Matthew R. Galeotti, Chief of DOJ's Criminal Division, emphasized:
“These schemes cost Americans billions of dollars each year and undermine confidence in the cryptocurrency ecosystem.”
He added that the police are pursuing every measure to capture the criminals and recover the victims' illegal money.
Action plan of the authorities
Interim District Attorney for the District of Columbia, Jeanine Pirro, a former Fox News anchor, confirmed that the seized funds will be used to compensate victims of cryptocurrency scams.
While details of the scheme have not been made public, court records show that multiple fake investment platforms defrauded more than 400 people, causing millions of dollars in losses.
Tether Joins Fight Against Crypto Crime
Tether has played a central role in large-scale digital asset destruction.
Since 2023, the company has admitted to investigations into the use of its Tokens for illegal activities, initially related to human trafficking and later expanding to money laundering.
Notably, Tether helped the US Federal Security Service (SPS) successfully freeze $23 million related to the embargoed Garantex exchange.
They also worked with TRON, TRM Labs, and Spanish authorities to freeze over $100 million in illicit crypto assets.
Tether CEO Paolo Ardoino asserted:
“We are setting compliance standards for digital assets and leading efforts to ensure stablecoins are not exploited by bad actors.”
These developments come amid a recent report by MEXC that found fraudulent trading activity increased by 200% in Q1 2025.
Cryptocurrency trading has increasingly become a target for criminal organizations, requiring regulators to tighten regulations. With President Donald Trump taking office, the future of the sector is uncertain and challenging.
Source: https://tintucbitcoin.com/sap-san-tien-dien-tu-225-trieu-usd-mat/
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