Tether Freezes $225 Million in USDT After DOJ Investigation, Calling It ‘Largest-Ever Freeze of USDTABLE Leading stablecoin issuer Tether and crypto exchange
Okx announced Monday that they have collaborated with the U.S.
Department of Justice (DOJ) “in an investigation that led to Tether proactively and voluntarily freezing approximately 225 million in USDT tokens in external self-custodied wallets.” The wallets are
“linked to an international human trafficking syndicate in Southeast Asia responsible for a global ‘pig butchering’ romance scam,” the crypto companies detailed.
After months of investigation,
Tether, Okx, and law enforcement agencies, including the U.S. DOJ, identified the locations of the illicit funds, the announcement explains.
According to an analysis by Look on chain,
Tether froze 37 wallets linked to a human trafficking group on Monday. These wallets had been moving USDT to crypto exchange Okx.
