Wu Shuo learns that the U.S. Drug Enforcement Administration (DEA) issued an official seizure notice on June 21, listing multiple Tether (USDT) assets that have been seized and are planned for federal forfeiture proceedings, totaling approximately 1.66M USDT.


The notice indicates that most of the assets are marked as seized from unidentified entities in El Salvador, with another 291,967.06 USDT marked as seized from Wolfbite S.A.S. in Colombia.
The notice did not disclose specific case details, and the seizure of the assets was based on 21 U.S.C. 881.
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MempoolSparrow
· 2h ago
That unidentified object in El Salvador is probably related to volcanic bonds.
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BorrowedSun
· 3h ago
Curious whether these USDT are ultimately auctioned or destroyed, and whether the Treasury Department will hold a public auction.
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GateUser-16838403
· 3h ago
21 U.S.C. 881 specifically deals with the seizure of drug assets, and on-chain addresses can also be directly frozen. The centralized risk of stablecoins is once again trending on social media.
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StakingDaydream
· 3h ago
1.66 million dollars is a drop in the bucket compared to Tether's size, but it is a significant signal.
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NeonHalf-MeltedIceCream
· 3h ago
DEA has started looking into on-chain assets—does that mean crypto mixers will have to get even more cutthroat from here on out?
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