Tether has been implicated in a significant financial fraud, with allegations of long-standing deceptive practices involving figures like Justin Sun and Cory Klippsten. Despite these accusations, Tether has recently collaborated with Dutch authorities and the U.S. Secret Service to dismantle major crypto money laundering operations. This collaboration led to the seizure of $7.8 million in cryptocurrency. Additionally, Tether assisted the U.S. Department of Justice in seizing over $6 million linked to a crypto-confidence scheme. These actions highlight Tether's dual role in the cryptocurrency world, being both accused of fraud and aiding in law enforcement efforts.