Svmuu News: The U.S. Department of Justice has seized approximately $9 million in funds linked to a fraud ring; the assets in question are the stablecoin Tether (USDT).Law enforcement officials noted that the case is linked to long-running romance and investment scams commonly known as “pig-butchering” schemes. The criminal organization gradually gained victims’ trust by establishing fake romantic or social relationships, then lured them into investing funds on fraudulent cryptocurrency investment platforms before absconding with the money. Investigations reveal that the network has affected more than 70 victims within the United States, with a cumulative total of millions of dollars illegally transferred. The U.S. Department of Justice stated that this asset freeze and crackdown are aimed at cutting off the flow of fraud proceeds and strengthening the ability to track and combat cross-border cryptocurrency fraud. (Bloomberg)