The U.S. Department of Justice has restrained more than $52 million in cryptocurrency while targeting wallets and online channels linked to the Xinbi Guarantee scam network.
Summary
- $52 million in cryptocurrency was restrained during one day of coordinated enforcement.
- Two Xinbi wallets had received about $12 million in payments, according to Tether.
- U.S. authorities sought restraints against 47 more wallets linked to suspected money laundering.
- Tether says it has helped 340 agencies freeze over $5 billion across 67 countries.
Tether said in a Sep. 11 statement that the DOJ credited the stablecoin issuer’s “proactive assistance” in an operation against…
