September 15, 2025 – Tether, the largest digital asset company, today announced that it has assisted the Royal Canadian Mounted Police (RCMP) in recovering approximately $460,000 USDT in connection with a sophisticated investment fraud scheme targeting residents of Ontario.
On July 3, the RCMP Federal Police Crime Operations Virtual Assets Team executed a special warrant for digital assets and seized 460,000 USDT (equivalent to approximately CAD 640,000) in proceeds of crime. In an official statement, the RCMP acknowledged that Tether’s cooperation was a critical factor in the successful seizure.
“Tether’s ability to quickly respond to freeze illicit funds has made us a trusted ally for law enforcement agencies around the world.” Paolo Ardoino, CEO of Tether. “We are proud to have assisted the RCMP in this matter and remain committed to protecting the integrity of the global financial system.”
Tether continues to play an active role in global law enforcement efforts. Last year, the company was recognized by the U.S. Department of Justice for assisting in the enforcement of $225 million, worked with the U.S. Secret Intelligence Service to freeze $23 million related to sanctioned exchange Garantex, and helped seize $9 million related to the Bybit hack.
“When cryptocurrencies are stolen, timing is everything,” he said. Sergeant Ryan Berry of the RCMP Federal Police Criminal Operations Division.as stated in the RCMP release. “Given the speed of transfer of crypto assets, the sooner investigators begin tracing transactions, the more likely they are to be interdicted or seized in the money laundering process. Cooperation and support from the private sector is paramount in crypto investigations.” Tether’s voluntary assistance helped seize and recover these funds.”
To date, Tether has leveraged real-time tracking, advanced analytics, and direct collaboration with more than 290 law enforcement agencies in 59 countries to freeze and block over $3.2 billion in USDT associated with illegal activity. These efforts include actions against wallets associated with sanctioned entities, terrorist financing, and large-scale fraud schemes. In the past 12 months alone, Tether has voluntarily cooperated with law enforcement authorities to block 3,660 wallets, including 2,100 with U.S. government agencies.
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