Tether, in partnership with the Royal Thai Police and the United States Secret Service, has taken decisive action against crypto-related fraud by freezing approximately $12 million in USDT linked to pig-butchering scams that primarily targeted individuals in the U.S. The operation is one of the most significant recoveries Thai authorities have made with help from Tether. The case highlights growing cooperation between law enforcement and stablecoin issuers in combating crypto crime. International Cooperation Leads to Swift Recovery The investigation began after the Royal Thai Police received complaints from victims abroad. Through intelligence sharing with the U.S. Secret Service’s Bangkok Cyber Crime Division, specific wallet clusters holding the scam proceeds were identified. The Thai authorities reported significant progress in their investigation, arresting 73 suspects, including 51 Thai nationals and 22 foreign nationals. Additionally, assets worth approximately $15.4 million were also seized. Tether’s compliance team promptly acted on formal requests from law enforcement, freezing the targeted addresses that held roughly $12 million in USDT. Thai officers have confirmed the seizure and have secured the assets in government-controlled wallets pending restitution for the victims. Commenting on the success, Paolo Ardoino, CEO of Tether, said: “This operation highlights how blockchain transparency can empower law enforcement to act quickly and effectively against criminal activity…..We are committed to supporting law enforcement around the world in freezing illicit assets, protecting victims, and ensuring that USDT continues to serve as a transparent tool for global commerce.” Role of Stablecoin Issuers in Law Enforcement Tether has established a reputation for collaborating closely with authorities to recover stolen funds associated with crypto fraud. For example, in March this year, the stablecoin issuer helped to freeze $28 million worth of USDT linked to the Russian cryptocurrency exchange Garantex. The action followed the European Union’s decision to sanction Garantex on February 26, 2025, as part of its sixteenth package of sanctions aimed at addressing Russia’s actions in Ukraine. Tether’s commitment to compliance and collaboration with international regulations reinforces its role in promoting transparency and responsibility within the crypto space. Tether has so far helped global agencies freeze over $3.2 billion in stolen USDT. Industry experts believe that these successful recoveries challenge the notion that stablecoins primarily benefit criminals. The post Tether Helps Royal Thai Police Bust $12M Scam Network appeared first on CoinTab News.Tether, in partnership with the Royal Thai Police and the United States Secret Service, has taken decisive action against crypto-related fraud by freezing approximately $12 million in USDT linked to pig-butchering scams that primarily targeted individuals in the U.S. The operation is one of the most significant recoveries Thai authorities have made with help from Tether. The case highlights growing cooperation between law enforcement and stablecoin issuers in combating crypto crime. International Cooperation Leads to Swift Recovery The investigation began after the Royal Thai Police received complaints from victims abroad. Through intelligence sharing with the U.S. Secret Service’s Bangkok Cyber Crime Division, specific wallet clusters holding the scam proceeds were identified. The Thai authorities reported significant progress in their investigation, arresting 73 suspects, including 51 Thai nationals and 22 foreign nationals. Additionally, assets worth approximately $15.4 million were also seized. Tether’s compliance team promptly acted on formal requests from law enforcement, freezing the targeted addresses that held roughly $12 million in USDT. Thai officers have confirmed the seizure and have secured the assets in government-controlled wallets pending restitution for the victims. Commenting on the success, Paolo Ardoino, CEO of Tether, said: “This operation highlights how blockchain transparency can empower law enforcement to act quickly and effectively against criminal activity…..We are committed to supporting law enforcement around the world in freezing illicit assets, protecting victims, and ensuring that USDT continues to serve as a transparent tool for global commerce.” Role of Stablecoin Issuers in Law Enforcement Tether has established a reputation for collaborating closely with authorities to recover stolen funds associated with crypto fraud. For example, in March this year, the stablecoin issuer helped to freeze $28 million worth of USDT linked to the Russian cryptocurrency exchange Garantex. The action followed the European Union’s decision to sanction Garantex on February 26, 2025, as part of its sixteenth package of sanctions aimed at addressing Russia’s actions in Ukraine. Tether’s commitment to compliance and collaboration with international regulations reinforces its role in promoting transparency and responsibility within the crypto space. Tether has so far helped global agencies freeze over $3.2 billion in stolen USDT. Industry experts believe that these successful recoveries challenge the notion that stablecoins primarily benefit criminals. The post Tether Helps Royal Thai Police Bust $12M Scam Network appeared first on CoinTab News.