Recent investigations have highlighted a significant connection between Tether, a popular stablecoin, and the alarming rise in 'pig butchering' crypto scams, which have reportedly netted more than $75 billion in fraudulent activities. Critics, including the user Bitfinexed, accuse Tether of facilitating these scams by allegedly engaging in secret arrangements that enable criminal organizations to launder the proceeds of these scams. A study conducted by John Griffin of UT Austin, mentioned by both Decrypt Media and Bloomberg, has tracked thousands of crypto addresses linked to these scams, revealing that most of the scammed funds were converted into Tether. This has raised concerns over Tether's role in the broader ecosystem of financial crimes, including market manipulation, bank fraud, and money laundering, among others. The situation is further complicated by the involvement of service providers like Binance, which has faced its own legal challenges, including fines for money laundering, in its association with Tether.