Others
Print
Tether Acknowledged by DOJ for Support in $225M Seizure Linked to Pig Butchering Fraud

18 June 2025 – Tether, the largest company in the digital assets industry, today announced that it has been acknowledged by the United States Department of Justice (DOJ) for its assistance in a major enforcement action involving the seizure of approximately $225 million in USDt. The funds were linked to an extensive “pig butchering” fraud operation that targeted individuals across multiple jurisdictions

This action builds on Tether’s broader efforts to lead the digital asset industry in compliance, transparency, and global crime prevention. To date, Tether has frozen and blocked over $2.7 billion in USDt connected to illicit activity, leveraging real-time tracking, advanced analytics, and direct collaboration with over 255 law enforcement agencies across more than 55 countries. As the scale and sophistication of crypto-related crime continue to evolve, Tether’s commitment to safeguarding users and supporting global enforcement efforts has set a new benchmark for financial security in the digital asset ecosystem.

Working closely with the DOJ, Tether facilitated the seizure of assets identified as proceeds of pig butchering fraud. The collaboration underscores Tether’s ongoing commitment to supporting law enforcement and protecting the integrity of the global financial system.

“Tether’s work with the Department of Justice underscores our commitment to transparency, proactive engagement with law enforcement, and the protection of users across the digital asset ecosystem,” said Paolo Ardoino, CEO of Tether. “We are setting the standard for compliance in digital assets and leading efforts to ensure stablecoins are not misused by bad actors.”

This latest action builds on Tether’s ongoing support of global law enforcement. In March 2025, Tether helped the U.S. Secret Service freeze $23 million in USDt linked to the sanctioned exchange Garantex. That same year, it worked with Tron, TRM Labs, and Spanish authorities to freeze over $100 million in illicit funds In 2024, Tether supported the Ontario Provincial Police in recovering stolen digital assets and assisted the DOJ in freezing over $6 million connected to a Southeast Asia-based criminal network and supported the seizure of over $6 million linked to digital asset fraud and confidence schemes.

For more information on Tether’s security and compliance initiatives, please visit TetherFacts.com

latest news

Tether Provides Update on Transition Plan for Legacy Blockchains

29 August 2025 – Tether, the largest company in the digital asset ecosystem, today announced an update to its transition plan for five legacy blockchains: Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. More than a year ago, in July 2024, Tether announced plans to wind down support by ceasing redemptions and freezing USD₮ […]

Learn more
Tether to Launch USD₮ on RGB, Expanding Native Bitcoin Stablecoin Support

28 August, 2025 – Tether, the largest company in the digital assets industry, today announced plans to launch USD₮ on RGB, a next-generation protocol for issuing digital assets on Bitcoin. RGB recently reached mainnet with its 0.11.1 release and has been designed to make Bitcoin more than just a store of value. By enabling private, […]

Learn more
Assange Family, Rumble CEO Chris Pavlovski, Twenty One Capital Jack Mallers, and former White House Crypto Advisor Bo Hines Among Headliners for Fourth Annual Plan ₿ Forum in Lugano

22 August, 2025 – Tether, the largest company in the digital asset industry, and the City of Lugano today unveiled the line-up of renowned thought leaders who will gather in Lugano for the fourth annual Plan ₿ Forum on October 24–25, 2025. Building on the success of 2024’s record-breaking event, which drew around 2,900 participants […]

Learn more
Read all news