The United States has filed a civil forfeiture action targeting all USD Tether (USDT) held at an identified cryptocurrency address, according to a case docketed as United States v. All USD Tether Held in the Cryptocurrency Address in federal court. Read more...
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The Justice Department's seizure complaint indicates that Tether burned the seized $9.02 million worth of USDT and re-issued it to a government address; the burn function has been in the code since 2017.