US prosecutors seize $47K in Tether linked to $900K Bitcoin fraud traced to Binance account

US prosecutors have seized about $47,000 in Tether, or USDT, that was linked to an alleged $900,000 Bitcoin fraud, according to a report originally published by pluang.com. The funds were traced to a Binance account, the report said.

The case highlights how digital-asset investigations can involve multiple cryptocurrencies and trading platforms. Bitcoin is the largest cryptocurrency by market prominence, while Tether’s USDT is a stablecoin designed to maintain a value close to the US dollar. Binance is a major crypto exchange that provides trading and custody services for digital assets.

Asset seizures are a key tool for prosecutors pursuing alleged financial crimes involving cryptocurrency, where funds may move across wallets, tokens and exchange accounts. The reported seizure concerns the $47,000 in Tether, while the underlying alleged Bitcoin fraud was valued at about $900,000.