Tether has announced its collaboration with the Royal Thai Police's Technology Crime Suppression Division (TCSD) and the U.S. Secret Service in a joint operation that successfully seized approximately 12 million USDT, equivalent to 400 million Thai Baht. The funds were connected to a major transnational fraud network operating in Southeast Asia. The operation led to the arrest of 73 suspects, including 22 foreign nationals, and the confiscation of assets exceeding 522 million Thai Baht.
Tether stated that it has assisted law enforcement agencies in freezing over $3.2 billion in assets related to criminal activities. The company has cooperated with more than 290 law enforcement entities across 59 jurisdictions worldwide.
Tether Aids in Seizing $12 Million USDT Linked to Southeast Asian Fraud Network
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