The United States Department of Justice has seized approximately $9 million worth of Tether USDT following the freezing of funds connected to a criminal organization involved in romance scams. The funds were allegedly part of Tether’s efforts to freeze $225 million worth of USDT in wallets associated with the scam. The romance scams involved individuals developing online relationships with unsuspecting victims and convincing them to invest in legitimate businesses before conning them. The U.S. government traced the laundered cryptocurrency through different wallet addresses and exchanges, a practice known as “chain hopping.” The Justice Department acknowledged Tether’s assistance in transferring the assets. This seizure is part of the U.S. government’s ongoing efforts to combat crypto-related scams and crimes.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	negative
Relevance Score	1
People	Nicole Argentieri
Companies	Binance, Silk Road, United States Department of Justice, Tether, U.S. Secret Service
Currencies	Bitcoin, Tether, US Dollar
Securities	None