Trending

Crypto Firm Tether Freezes $225M In Alleged ‘Pig Butchering Romance Scam’

Tether cryptocurrency
  • Cryptocurrency firm Tether has frozen $225 million worth of customer funds over allegations of human trafficking.
  • The company, which controls a stablecoin pinned to the U.S. dollar, took the action after it was reported that the funds were linked to a human trafficking syndicate in Southeast Asia.
  • The U.S. Department of Justice (DOJ) and the U.S. Secret Service launched an investigation into a human trafficking group.
  • Crypto firm Tether said on Monday that it had frozen $225 million worth of its cryptocurrency which it said had been linked to a human trafficking group in Southeast Asia.
BACK TO HOMEPAGE