Tether Supports Canadian Law Enforcement in Recovery of 460,000 USDT from Investment Fraud Scheme

15 September 2025 – Tether, the largest company in the digital assets industry, announced today that it assisted the Royal Canadian Mounted Police (RCMP) in recovering approximately 460,000 USDT that was connected to a sophisticated investment fraud scheme targeting an Ontario resident.

On July 3, the RCMP Federal Policing Criminal Operations Virtual Assets team executed a Special Warrant for Digital Assets, seizing 460,000 USDT (valued at approximately $640,000 CAD) as proceeds of crime. In its official announcement, the RCMP credited Tether’s cooperation as a decisive factor in the successful seizure.

“Tether’s ability to act quickly in freezing illicit funds has made it a trusted ally for law enforcement agencies worldwide,” said Paolo Ardoino, CEO of Tether. “We are proud to have assisted the RCMP in this case and remain committed to safeguarding the integrity of the global financial system.”

Tether continues to play an active role in global enforcement actions. In the past year, the company has been recognized by the U.S. Department of Justice for supporting a $225 million enforcement action, cooperated with the U.S. Secret Service to freeze $23 million tied to sanctioned exchange Garantex, and helped seize $9 million linked to the Bybit hack.

“In cases of stolen cryptocurrency, timing is everything,” said Sergeant Ryan Berry of RCMP Federal Policing Criminal Operations, as noted in the RCMP release. “Given the speed at which cryptocurrency assets can be transferred, the sooner investigators begin following the transactions, the higher the likelihood of interdiction and seizure during the money laundering process. Collaboration and assistance from the private sector are paramount in cryptocurrency investigations. The voluntary assistance of Tether was instrumental in the seizure and recovery of these funds.”

To date, Tether has frozen and blocked over $3.2 billion in USDT connected to illicit activity, leveraging real-time tracking, advanced analytics, and direct collaboration with more than 290 law enforcement agencies across 59 countries. These efforts include actions against wallets linked to sanctioned entities, terrorism financing, and major fraud schemes. In the last 12 months alone, Tether has voluntarily collaborated with law enforcement officials to block 3,660 wallets, 2,100 of which were in coordination with US agencies.

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