TechFlow news, November 13 — Tether announced today that it successfully assisted the Royal Thai Police and the U.S. Secret Service in an international joint operation to trace and seize approximately 12 million USDT (worth about 400 million Thai baht) in digital assets linked to a large transnational fraud network active across Southeast Asia. Led by Thailand's Technology Crime Suppression Division (TCSD), the operation resulted in the arrest of 73 suspects, including 51 Thai nationals and 22 foreigners, and the seizure of assets totaling over 522 million Thai baht. Paolo Ardoino, CEO of Tether, stated that this operation highlights how blockchain transparency empowers law enforcement agencies to effectively combat criminal activities. To date, Tether has collaborated with over 290 law enforcement agencies across 59 jurisdictions globally to freeze more than $3.2 billion in assets tied to illegal activities, and will continue to advance transparency and security in the digital asset space.
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