US justice keeps $ 225.3 million in Tether's USDT: largest crypto fraud in connection with 'PIG Butchering' mesh over OKX and global fraud networks!

Von Krypto News Österreich

Ministry of Justice confiscated $ 225.3 million in Tether’s Usdt: greatest cryptocurrency fitting in connection with fraud scales

The US Justice Ministry (DOJ) has carried out a record-end of $ 225.3 million in Tether’s USDT, one of the leading stable coins. This confiscation is related to a fraudulent practice known as "Pig Butchering Scam".

"PIG Butchering" is a widespread fraud in which perpetrators use false identities and fake investment opportunities to lure unsuspecting victims. These fraud stitches often use complex networks that operate over various platforms and countries. In this special case, the Department of Justice was able to trace the funds after being transferred via the OKX cryptocurrency platform.

The confiscation is considered one of the largest of its kind that has ever been carried out in connection with cryptocurrencies. This not only shows the commitment of the authorities to act against fraud, but also the growing importance and complexity of cryptocurrencies in the global financial system.

Combating such fraudulent activities is of great importance, especially at a time when the use of digital currencies increasingly increases. The investigation by the DOJ and the cooperation with international law enforcement agencies are crucial to hold the perpetrators accountable and to increase security in the field of cryptocurrencies.

Through these measures, one hopes to strengthen trust in digital currencies and to protect potential investors from losses. Developments in regulation and security in the cryptocurrency sector will continue to be observed in the coming time.