Tether stated that it has frozen approximately $4.2 billion of illegal funds related to USDT and assisted in freezing $61 million related to "pig butchering" this week

According to Reuters, Tether stated that it has frozen approximately $4.2 billion USDT due to "association with illegal activities," with about $3.5 billion occurring since 2023; this week it assisted the U.S. Department of Justice in freezing nearly $61 million USDT related to "pig-butchering" scams. Tether claimed it can remotely freeze USDT in user wallets at the request of law enforcement agencies.