Tether Supports DOJ in Criminal Investigations and Victim Recovery Efforts

Tether
has
reaffirmed
its
dedication
to
fighting
illegal
activities,
curbing
the
misuse
of
stablecoin
technology,
and
aiding
victims
by
cooperating
with
law
enforcement
agencies
worldwide.
Recently,
the
U.S.
Department
of
Justice
(DOJ)
announced
that
Tether
played
a
pivotal
role
in
helping
law
enforcement
officials
recover
nearly
$5
million
in
USDT
stolen
through
a
fraudulent
scheme.

This
scam,
commonly
referred
to
as
“pig
butchering,”
deceived
victims
by
establishing
false
online
relationships
and
convincing
them
to
invest
in
phony
cryptocurrency
platforms
that
mimicked

legitimate
ones.
The
recovered
funds
were
linked
to
a
highly
organized
money-laundering
operation,
marking
a
crucial
success
in
the
ongoing
efforts
to
combat
cyber-enabled
fraud.

Tether’s
Role
in
Supporting
Global
Law
Enforcement
Efforts

Tether’s
involvement
in
this
case
highlights
its
commitment
to
maintaining
the
integrity
of
the
financial
ecosystem.
The
company
assisted

the
Federal
Bureau
of
Investigation
(FBI)
by
freezing
several
digital
wallets,
which
ultimately
led
to
the
successful
seizure
and
recovery
of
the
stolen
assets.
This
collaboration
underscores
Tether’s
proactive
stance
in
fighting
illicit
activities
and
its
dedication
to
supporting
victim
recovery.
Tether
facilitated
a
partnership
between
the
FBI
and
the
United
States
Secret
Service
within
its
platform,
fostering
greater
synergy
in
investigative
efforts.

Paolo
Ardoino,
the
CEO
of

Tether,
reiterated
the
company’s
dedication
to
working
closely
with
law
enforcement
agencies.
He
affirmed,
“Tether
is
steadfast
in
its
mission
to
aid
global
law
enforcement
in
fighting
the
illegal
use
of
cryptocurrencies.
We
strongly
denounce
any
misuse
of
USDT
or
other
cryptocurrencies
for
criminal
purposes.
Our
commitment
to
ongoing
collaboration
with
law
enforcement
to
fight
fraud
is
unwavering.”

Tether
Proactively
Assists
U.S.
DOJ
in
Criminal
Investigation
and
Victim
Recovery

Read
More:https://t.co/WuxlJnm6j0

—
Tether
(@Tether_to)

August
23,
2024

Tether’s
proactive
collaboration
with
law
enforcement
agencies
underscores
its
commitment
to
transparency
and
accountability
in
the
cryptocurrency
industry.
To
date,
the
company
has
worked
with
over
145
enforcement
agencies
across
40
jurisdictions,
aiding
in
the
recovery
of
more
than
$108.8
million
in
USDT
for
rightful
owners
and
authorities.
Tether
has
voluntarily
blocked
over
1,900
wallets
linked
to
illicit
activities,
playing
a
crucial
role
in
global
law
enforcement
efforts.
In
addition
to
these
actions,
Tether
continuously
updates
its
policies
to
comply
with
regulatory
requirements,
conducts
regular
audits
to
ensure
its
reserves
fully
back
its
issued
tokens,
and
partners
with
blockchain
analytics
firms
to
monitor
suspicious
transactions.
These
measures
reinforce
Tether’s
dedication
to
creating
a
secure
and
compliant
environment
by
addressing
risks
such
as
fraud,
money
laundering,
and
other
illegal
activities
within

the
cryptocurrency
ecosystem.

Pepe
Unchained
–
An
Innovative
Presale
Project
Leveraging
Layer
2
Technology

Pepe
Unchained,
which
launched
in
June
2024,
introduces

a
cutting-edge
Layer
2
technology,
representing
a
significant
improvement
over
traditional
Ethereum-based
projects.
This
advanced
technology
addresses
key
challenges
in
the
blockchain
space,
including
network
congestion
and
high
fees,
while
significantly
boosting
transaction
speeds.
By
utilizing
Layer
2
scaling
solutions,
Pepe
Unchained
can
achieve
speeds
up
to
100
times
faster
than
Ethereum,
enhancing
overall
efficiency
and
performance.

One
of
the
standout
features
of
Pepe
Unchained
is
its
near-instant
transaction
finality,
allowing
traders
to
take
advantage
of
market
opportunities
quickly,
without
delays
or
issues
like
failed
orders.
This
focus
on
speed
and
efficiency
not
only
benefits
users
but
also
positions
the
project
as
a
leader
in
enhancing
the
blockchain
experience.
The
project’s
commitment
to
transparency
is
further
demonstrated
through
the
introduction
of
a
dedicated
block
explorer,
which
enables
users
to
seamlessly
track
their
transactions.

While
the
technical
capabilities
of
Pepe
Unchained
are
impressive,
the
project’s
playful
theme
also
plays
a
role
in
its
growing
popularity.
Drawing
inspiration
from
its
meme
coin
roots,
Pepe
Unchained
blends
a
lighthearted
ethos
with
forward-thinking
technology.
The
project
has
garnered
significant
attention
in
the
crypto
community,
partly
due
to
the
Pepe
theme’s
recent
surge
in
popularity,
which
has
reached
all-time
highs.

Adding
to
its
appeal,
Pepe
Unchained
offers
an
attractive
presale
opportunity
with
a
compelling
staking
annual
percentage
yield
(APY)
for
early
investors.
This
presale
structure
not
only
incentivizes
participation
but
also
reflects
confidence
in
the
long-term
success
and
growth
of
the
project.

The
PEPU
token,
priced
at
$0.008
at
the
time
of
writing,
is
structured
in
a
tiered
format,
meaning
the
price
will
increase
after
each
stage
of
the
presale.

Furthermore,
the
seamless
bridging
capabilities
between
Ethereum
and
the
Pepe
Chain
enhance
the
appeal
of
Pepe
Unchained.
These
features
provide
the
potential
for
increased
cross-chain
interactions
and
liquidity,
setting
the
stage
for
broader
applications
and
opportunities
within
the
blockchain
ecosystem.

Supported
by
strong
endorsements
across
social
media
platforms
and
within
the
broader
crypto
community,
Pepe
Unchained
has
emerged
as
a
promising
investment
opportunity.
Its
combination
of
innovative
technology,
user-centric
features,
and
playful
branding
has
attracted
a
wide
range
of
investors,
reinforcing
its
position
as
a
notable
project
within
the
rapidly
evolving
blockchain
landscape.

Visit
Pepe
Unchained
Presale

Related
News