Justice Department seized $9 million worth of Tether!

In a statement from the US Department of Justice, it was stated that the seized asset was linked to the defrauding of more than 70 people by creating fake crypto trading platforms known as "pig butchering". In the statement, it was noted that Tether, a cryptocurrency pegged to the US dollar worth approximately $ 9 million, was seized.

It was noteworthy that the US Department of Justice's statement on the subject came after Tether announced that it had frozen assets worth 225 million dollars in connection with human trafficking.

In a statement made yesterday by Tether, one of the major companies in the cryptocurrency ecosystem, it was reported that it cooperated with the US Department of Justice within the scope of an investigation and that approximately $ 225 million worth of cryptocurrencies linked to a human trafficking organization in Southeast Asia were frozen.

In the fraud method called "Pig Butchering", fraudsters gain the trust of their victims through social media, messaging and dating apps and convince them to invest in fake cryptocurrency trading platforms.