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USDT Plays Pivotal Role in DOJ’s Recovery of Scammed Funds Linked to Trump Impersonation

USDT Plays Pivotal Role in DOJ’s Recovery of Scammed Funds Linked to Trump Impersonation

Author:
USDT News
Published:
2025-07-03 17:30:03
15
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[TRADE_PLUGIN]BTCUSDT,BTCUSDT[/TRADE_PLUGIN]

In a significant development highlighting the growing intersection of law enforcement and cryptocurrency, the U.S. Department of Justice (DOJ) has publicly credited Tether (USDT) for its assistance in recovering $40,300 worth of stolen digital assets tied to a political donation scam. The incident, which occurred in December 2024, involved fraudsters impersonating the Trump-Vance Inaugural Committee to deceive a donor into sending $250,300 in USDT on the ethereum network. This case underscores the traceability of blockchain transactions and the increasing cooperation between stablecoin issuers and regulatory bodies. The DOJ's recognition of Tether's role marks an important milestone for cryptocurrency's legitimacy in traditional finance systems, potentially paving the way for greater institutional adoption of stablecoins. As of July 2025, this development reinforces USDT's position as not just a trading instrument but a regulated financial tool with forensic capabilities that can assist in combating financial crimes. The successful fund recovery demonstrates how blockchain transparency, when combined with responsible industry participation, can create effective safeguards against crypto-related fraud - a positive signal for both investors and regulators navigating the digital asset space.

DOJ Credits Tether for Recovering Funds in Trump-Linked Crypto Scam

The U.S. Department of Justice has acknowledged stablecoin issuer Tether for assisting in the recovery of $40,300 in stolen cryptocurrency tied to a scam impersonating the Trump-Vance Inaugural Committee. The fraudulent scheme, which occurred in December 2024, involved impersonators tricking a political donor into sending $250,300 in USDT (Tether) on the Ethereum network.

Scammers used a deceptive email address—substituting an 'I' for a lowercase 'L'—to mimic the committee's co-chair and solicit funds. The victim, believing the request legitimate, transferred the assets. Authorities traced the transactions across multiple wallets and, with Tether's cooperation, recovered a portion of the stolen funds.

This case adds to Tether's growing reputation for collaborating with law enforcement. In June, the DOJ praised the company for its role in dismantling a $225 million pig-butchering scheme. Regulatory agencies have repeatedly highlighted Tether's proactive stance in combating crypto-related fraud.

Tether Partners with Adecoagro for Renewable Bitcoin Mining in Brazil

Tether, the issuer of the world's largest stablecoin USDT, has entered a strategic partnership with South American agribusiness Adecoagro to pilot a Bitcoin mining operation powered by surplus renewable energy in Brazil. The collaboration could see Adecoagro, in which Tether holds a 70% stake, add BTC to its balance sheet in the future.

The initiative leverages Adecoagro's 230-megawatt power generation capacity across South America, tapping into excess energy from its sugar mills, rice farms, and dairy operations. "This project stabilizes energy pricing while offering exposure to Bitcoin's upside potential," said Mariano Bosch, Adecoagro's CEO.

Tether continues to expand its bitcoin mining ambitions, having invested $2 billion in energy production and mining operations. CEO Paolo Ardoino recently claimed the firm aims to become the world's largest Bitcoin miner by year-end. The company has also developed proprietary mining software, Tether Mining OS, slated for open-source release in coming months.

Bitget Wallet Slashes TRON USDT Transfer Costs by 50% in Push for DeFi Accessibility

Bitget Wallet has launched a promotion halving transaction fees for TRC-20 USDT transfers on the TRON network, with the first transfer being completely gas-free. The move positions the wallet as a cost leader for stablecoin transactions amid TRON's surge past $80 billion in USDT supply.

The upgraded GetGas feature now supports 10 blockchains including Ethereum, Solana, and Polygon, offering fee-less transfers for multiple assets. "Web3 should be as seamless as Web2," said CMO Jamie Elkaleh, addressing longstanding frustrations with TRON's gas mechanics.

This strategic reduction in friction comes as tron consolidates its position as a dominant stablecoin network. The wallet's infrastructure overhaul demonstrates how service providers are competing to lower barriers to decentralized finance adoption.

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