US Seizes $9 Million in Tether Coins Tied to Romance Scams.

The US government has seized nearly $9 million worth of Tether tokens that were linked to a network of scammers involved in romance scams. These scammers used fake crypto trading platforms to exploit over 70 victims. The seizure comes after Tether Holdings Ltd. froze around $225 million in its USDT cryptocurrency due to an investigation into an international human trafficking group. "Pig butchering" is the term used to describe this type of scam, where scammers establish a fake romantic or personal relationship with victims and then disappear with their money. Stablecoins like USDT aim to maintain a stable value and can be used for trading or storing wealth. [Extracted from the article]