Coinbase confirmed its collaboration with the U.S. Secret Service in seizing 225 million USD in stolen cryptocurrency, predominantly in USDT, a stablecoin aligned with the U.S. Dollar.
The funds were frozen in December 2023 by Tether, amid suspicions related to criminal activities like a human trafficking scam named ‘pig butchering’.
Coinbase urged potential victims of the scam to report to the FBI’s Internet Crime Complaint Center for assistance in recovering their stolen funds.
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