Tether assisted Thai police and the U.S. Secret Service in tracking down and seizing 12 million USDT from a transnational fraud network.
TL;DR
Tether helped Thai police and U.S. Secret Service seize 12 million USDT from a transnational fraud network, leading to 73 arrests and asset seizures worth over 522 million baht.
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Odaily Odaily that Tether has announced its support for a coordinated international operation by the Royal Thai Police and the U.S. Secret Service, which seized approximately 12 million USDT (worth about 400 million Thai baht) in connection with a large fraud network operating in Southeast Asia. The operation, conducted by the Technology Crime Suppression Bureau (TCSD) under Thailand's Ministry of Digital Economy and Society, is part of a broader effort to combat online fraud and money laundering. According to the Royal Thai Police, 73 suspects have been arrested, including 51 Thai citizens and 22 foreign nationals, and assets worth over 522 million Thai baht have been seized.