Tether Aids in Seizure of $12 Million USDT from Scam Network
Lawrence Jengar Nov 13, 2025 14:24
Tether collaborates with Thai Police and U.S. Secret Service to seize $12 million USDT linked to a Southeast Asian scam network, highlighting blockchain's role in combating crime.
Tether, a leading entity in the digital assets industry, has successfully supported a major international operation that led to the seizure of approximately $12 million in USDT. The operation, coordinated with the Royal Thai Police and the United States Secret Service, targeted a transnational scam network operating across Southeast Asia, according to Tether.
International Collaboration Against Crime
The operation was spearheaded by Thailand’s Technology Crime Suppression Division (TCSD) under the Ministry of Digital Economy and Society (DES). It aimed to dismantle online fraud and money laundering schemes. Authorities arrested 73 suspects, comprising 51 Thai and 22 foreign nationals, and seized assets exceeding 522 million baht.
Paolo Ardoino, CEO of Tether, emphasized the role of blockchain transparency in empowering law enforcement to act swiftly against criminal activities. He reiterated Tether's commitment to aiding law enforcement globally in freezing illicit assets and protecting victims.
Tether's Ongoing Efforts
Tether's collaboration with global law enforcement has been a cornerstone of its operations. The company was acknowledged by the U.S. Department of Justice last June for assisting in seizing approximately $225 million in USDT. Additionally, Tether aided the U.S. Secret Service in freezing $23 million linked to the Russian-sanctioned exchange Garantex and another $9 million connected to the Bybit hack.
To date, Tether has blocked over 3,660 wallets, including coordinating 2,100 cases with U.S. agencies, reinforcing its proactive stance against illicit activities in the digital asset space.
Global Impact and Future Commitment
Tether's support in the Thai operation underscores its ongoing cooperation with more than 290 law enforcement agencies across 59 jurisdictions. The company has successfully frozen over $3.2 billion in assets tied to illegal activities, demonstrating its pivotal role in enhancing trust in blockchain-based financial systems.
As Tether continues to collaborate with international law enforcement, it remains dedicated to promoting transparency and preventing the misuse of digital assets, thereby bolstering the integrity of global commerce.
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