Tether helps US DOJ recover $61M in 'pig butchering' scam proceeds

Tether, the issuer of the world's largest stablecoin USDT, announced on its official website yesterday that it assisted the U.S. Department of Justice (DOJ) in recovering 61 million USDT linked to a large-scale 'pig butchering' romance scam. According to the company, DOJ investigators tracked addresses containing the criminal proceeds after receiving reports from victims. With Tether's help, the full 61 million USDT was recovered. Tether added that this action demonstrates its commitment to supporting global law enforcement agencies in preventing crypto-related crime and leading the digital asset industry through compliance.