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Tether Assists Thai Police and US Secret Service in $12M Scam Asset Seizure

The stablecoin issuer collaborated with the Royal Thai Police and the US Secret Service to trace and recover funds from a cross-border fraud network.

USDT

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Terms & Concepts
  • USDT (Tether): A popular U.S. dollar-pegged stablecoin used in cryptocurrency transactions.
  • Stablecoin: A cryptocurrency designed to maintain a stable value by being pegged to a reserve asset like the U.S. dollar.
  • Asset Seizure: Legal confiscation of assets by authorities, often as part of investigations into crime or fraud.