Tether seized $5 million USDT from cyber fraud, part of ongoing efforts to combat illegal activity.

From Cointelegraph

August 23, 2024 9:40 PM:

In a recent success against cyber fraud, Tether has seized $5 million USDT from pig-butchering scams, calling it a “significant victory.”

This action is part of the ongoing efforts to combat cyber fraud and protect investors from falling victim to scams.

Tether’s move is aimed at cracking down on illegal activities in the cryptocurrency industry, highlighting the importance of stringent regulations to maintain security and trust.

The seizure of $5 million USDT underscores the need for continued vigilance and enforcement to root out fraudulent activities in the digital currency space.

Read more at Cointelegraph: Tether has ‘redistributed’ $108.8M USDT from illicit activity since 2014