TETHER DESTROYS $225M SCAM FUNDS, HIGHLIGHTS BLOCKCHAIN POWER

On June 18, Tether destroyed $225 million in seized funds following a "pig butchering scam" forensic investigation conducted in collaboration with the @SecretService, @ FBI, @Tether_to, and @Coinbase

"Pig butchering" scams involve scammers building trust with victims - "fattening" - through prolonged, often romantic or financially enticing communication, before stealing their funds.

Victims can now file claims with the FBI’s Internet Crime Complaint Center at ic3.gov, using the code “BT06182025” in the narrative.

This event highlights why blockchain’s transparency is essential for the future of major financial institutions.

Safeguard your organization from illicit actors by using our Illicit Database.

blockchainbureau.com