Tether: Assisted the U.S. government in seizing $1.4 million in illegal funds related to technology fraud

Tether, the issuer of the stablecoin USD, announced that it has assisted the US government in seizing $1.4 million of illegal funds related to technology fraud, which will be returned to the victims of the fraud. Tether stated that this voluntary support to the Department of Justice and the Federal Bureau of Investigation marks another significant effort in its fight against financial fraud using cryptocurrency.