Thai Cyber Police Recover $432,000 USDT in Joint Operation with FBI and Tether

In coordination with TCSD and the U.S. Secret Service, authorities arrested 73 suspects and confiscated assets exceeding 522 million baht from a major Southeast Asian fraud scheme.

USDT

Summary

Tether collaborated with Thailand’s Royal Police and the U.S. Secret Service in an international operation led by the Technology Crime Suppression Division (TCSD) that seized approximately 12 million USDT, valued at about 400 million baht, from a large Southeast Asia scam network. The coordinated effort resulted in 73 arrests and asset confiscations totaling over 522 million baht. This marks a significant joint enforcement action against cross-border cryptocurrency-related fraud.

Terms & Concepts
  • USDT (Tether stablecoin): A cryptocurrency pegged to the US dollar, issued by Tether, used to maintain a stable value.