On February 5, 2025, Thai and Chinese police arrested two Chinese nationals, Ye Wanyou and Li Weijie, involved in a major scam operation. They resisted arrest and attempted to erase digital evidence on their phones.

The operation resulted in the confiscation of 2.5 million USD in USDT and additional assets worth 44,550 USD. Investigations suggest connections to human trafficking and other fraudulent activities in Thailand and Cambodia.

A spokesperson from Tether emphasized the importance of traceable transactions, underscoring that every criminal act can be investigated, leading to the perpetrators’ apprehension.