The U.S. Attorney’s Office says this is among the first times the U.S. has recovered USDT from an unhosted virtual currency wallet.
The U.S. Attorney’s Office in Chicago, Illinois, announced the seizure of approximately $1.4 million dollars in Tether (USDT) on March 12. The funds were suspected of being proceeds from fraud via a customer support scam.
Recovery efforts were led by the Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI). According to the U.S. Attorney’s Office, Tether assisted in the operation.
Per a press release from Tether:
