Tether, the issuer of the world’s most widely used dollar-linked stablecoin, has been publicly thanked by the US Department of Justice for helping investigators disrupt a sprawling marketplace accused of supporting crypto fraud and money laundering.

The company said on September 11, 2026, that the DOJ’s Scam Center Strike Force credited its “proactive assistance” after more than $52 million in digital assets was restrained in a single coordinated sweep.

The target was Xinbi Guarantee, a Chinese-language platform that authorities say operated mainly on Telegram.

Officials allege the marketplace linked scam operators with vendors who supplied money-laundering services, fake investment websites, and recruitment of people to…