DOJ Credits Tether’s Assistance in $52 Million Enforcement Action Against Global Scam Network
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The U.S. Department of Justice restrained more than $52 million in cryptocurrency during an enforcement action against Xinbi Guarantee, an illicit marketplace facilitating crypto scams and money laundering. Tether assisted the DOJ's investigation, which included seizing two wallets containing approximately $12 million and restraining 47 additional wallets. Tether stated that its ongoing law enforcement collaborations have contributed to freezing over $5 billion in illicit assets globally.