Tether assists the U.S. Secret Service in seizing $225 million worth of Crypto Assets.

Gate News bot message, the world's largest USD stablecoin issuer Tether announced on June 18 that the U.S. Department of Justice (DOJ) has recognized its cooperation in a major law enforcement operation involving the seizure of approximately $225 million in USDT. These funds are related to a large-scale fraud scheme targeting victims across different jurisdictions. This recognition highlights Tether's increasingly important role in combating illegal activities in the digital asset space.

Tether is continuously working to set industry standards in compliance, transparency, and crime prevention, stating: To date, Tether has frozen and blocked over $2.7 billion in USDT related to illegal activities through real-time tracking, advanced analytics, and direct cooperation with over 255 law enforcement agencies in more than 55 countries.

The company's cooperation with the U.S. Department of Justice in this case involves identifying and assisting in the seizure of assets from the hog slaughter fraud scheme.

Tether emphasized: "By closely collaborating with the U.S. Department of Justice, Tether assisted in the seizure of assets identified as proceeds from hog slaughter fraud."

CEO Paolo Ardoino stated: "Tether's collaboration with the Department of Justice demonstrates our commitment to transparency, active cooperation with law enforcement, and protecting users across the entire digital asset ecosystem. We are setting the standard for compliance in digital assets and leading the work to ensure stablecoins are not abused by criminals."