{"id":73502,"date":"2024-03-12T15:44:20","date_gmt":"2024-03-12T19:44:20","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=73502"},"modified":"2024-03-12T15:46:11","modified_gmt":"2024-03-12T19:46:11","slug":"tether-freezes-1-4m-usdt-linked-to-us-tech-fraud","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tether-freezes-1-4m-usdt-linked-to-us-tech-fraud\/","title":{"rendered":"Tether Freezes $1.4m USDT Linked to US Tech Fraud"},"content":{"rendered":"\n

The issuer of the USDT stablecoin Tether helped the FBI and the U.S. Department of Justice<\/a> seize about $1.4 million worth of USDT.<\/p>\n\n\n\n

\"Tether
Tether Freezes $1.4m USDT Linked to US Tech Fraud<\/figcaption><\/figure>\n\n\n\n

Tether stated in a statement on March 12 that assets will be given back to fraud victims. U.S. officials<\/a> commended the corporation for their assistance. Tether CEO Paolo Ardoino said:<\/p>\n\n\n\n

\n

“The seizure of $1.4 million worth of Tether (USDT) marks a significant milestone in our ongoing efforts to uphold integrity in this rapidly evolving industry.” <\/p>\n<\/blockquote>\n\n\n\n

Tether claims that the majority of the scam's victims were elderly Americans. Scammers used pop-ups to fool victims into thinking that their systems had been compromised and to get them to get in touch with technical help. <\/p>\n\n\n\n

After deceiving the victims into believing their bank accounts were vulnerable, the money was transferred into Bitcoin to keep them safe from hackers. <\/p>\n\n\n\n

The attackers' virtual currency wallets received the transfer of these monies. To assist with freezing its assets, Tether is actively collaborating with U.S. authorities. It placed assets in 41 people-owned wallets on the U.S. Office of Foreign Assets Control <\/a>(OFAC) sanctioned list in December.<\/p>\n\n\n\n

Tether actively provides information to law enforcement agencies in order to support ongoing investigations and collaborates with 19 jurisdictions globally. <\/p>\n\n\n\n

The firm froze 800 million USDT in secondary market addresses\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, mostly due to theft and hacking. The business claimed to have blocked 188 wallets holding 70 million USDT after helping the U.S. Department of Justice with 68 petitions.<\/p>\n","protected":false},"excerpt":{"rendered":"

The issuer of the USDT stablecoin Tether helped the FBI and the U.S. Department of Justice seize about $1.4 million worth of USDT. Tether stated in a statement on March 12 that assets will be given back to fraud victims. U.S. officials commended the corporation for their assistance. Tether CEO Paolo Ardoino said: “The seizure […]<\/p>\n","protected":false},"author":43,"featured_media":73504,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1135,1103,1305],"class_list":["post-73502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-fraud","tag-tether","tag-united-states"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/croc_1710270654946.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/73502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=73502"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/73502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/73504"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=73502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=73502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=73502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}