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Tether Partners With FBI To Reclaim $1.4 Million From Scam Targeting Elderly Individuals

According to a statement released on March 12, stablecoin issuer Tether worked with the US Department of Justice and the Federal Bureau of Investigation (FBI) to seize $1.4 million USDT from a tech support fraud network.

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Crypto Investment Scams Surge in the US

The Federal Bureau of Investigation (FBI) has estimated that investment fraud involving cryptocurrencies will account for the majority of investment losses in 2023, making it a major problem in the United States. According to research, investment losses involving cryptocurrency climbed by 53% in 2023 over the previous year

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