Tether and Chain Retrieval Freeze R$32 Million in Suspected Scam Funds
In a major win for crypto crime prevention, Tether partnered with Chain Retrieval to freeze over R$32 million (approx. $6.2 million USD) in digital assets linked to a large-scale crypto fraud ring operating in Brazil.
Investigators traced the funds to a network of phishing sites, fake trading platforms, and wallet drainer attacks that specifically targeted Brazilian crypto users. Most of the stolen assets were in USDT, which allowed Tether to use its centralized control features to intervene quickly and effectively.
In the meantime, Chain Retrieval identified the movement of funds and flagged scam-connected wallet addresses before the attackers could launder the assets through bridges or decentralized exchanges.
How Chain Retrieval Helped Trace and Freeze the Funds
The recovery began when victims across Brazil reported losses through fake exchange apps and fraudulent investment platforms. As a result, Chain Retrieval’s forensics team launched an immediate investigation. They quickly traced the stolen USDT, uncovering strong links to known phishing campaigns.
Specifically, Chain Retrieval:
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Mapped wallet flows from scam websites to attacker wallets
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Tracked cross-chain transactions across Ethereum and Tron
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Flagged high-risk addresses and grouped them into wallet clusters
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Shared evidence with Tether’s compliance team to enable freezing
In fact, this process took only hours from discovery to action. A Chain Retrieval spokesperson emphasized:
“We traced the funds within hours. Since the scammers used centralized stablecoins, we had a short window to act—and we moved fast.”
Consequently, the criminals can no longer access the frozen funds. Authorities and Chain Retrieval are now collaborating to return the assets to victims where possible.
Why Chain Retrieval Matters in Crypto Security
This case strongly demonstrates why Chain Retrieval is essential for crypto safety in 2025. The platform combines real-time risk detection with blockchain forensics, making it a comprehensive tool for both prevention and recovery.
Chain Retrieval helps protect users by:
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Blocking scam interactions before users sign
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Sending real-time alerts about suspicious contracts
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Monitoring wallet activity around the clock
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Tracing stolen crypto across multiple chains
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Assisting law enforcement with forensic reports
For example, in the Brazil case, most victims had no idea they were being scammed until their wallets were completely emptied. However, Chain Retrieval’s transaction simulation feature could have warned them early, revealing hidden risks before they clicked “approve.”
Tether’s Role in the Recovery Operation
As the issuer of USDT, Tether holds the authority to freeze tokens at the smart contract level. After Chain Retrieval submitted wallet data and flagged suspicious transactions, Tether acted swiftly to freeze more than R$32 million tied to the fraudulent network.
This collaboration illustrates the power of combining on-chain intelligence with centralized compliance infrastructure. Together, the teams stopped the fraud before the funds disappeared into unregulated channels.
Furthermore, Tether’s legal and compliance departments are now actively working with Brazilian law enforcement to build a criminal case and support victim restitution.
What Victims Should Do Now
If you’ve been targeted by a similar scam or have sent funds to an unknown wallet, you must act fast. Delays significantly lower the chance of recovery.
📧 Email: chainretrieval@gmail.com
📱 WhatsApp: +44 7951 606561
Chain Retrieval provides:
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Wallet tracing and scam reporting
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Real-time monitoring tools to prevent future attacks
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Investigation reports for law enforcement and exchanges
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Asset recovery coordination with stablecoin issuers like Tether
Additionally, victims who report scams early often see better results, particularly when centralized assets like USDT are involved.
The 2025 Outlook: Chain Retrieval and Tether Raise the Bar
The freezing of R$32 million is more than just a success story. It sets a new standard for digital asset security in the Web3 era. With scams growing more sophisticated and widespread, exchanges, stablecoin issuers, and DeFi projects are increasingly turning to Chain Retrieval for protection.
“We’re done reacting—we’re now preventing,” said the Chain Retrieval team. “2025 is the year on-chain protection becomes the norm.”
As a result, Web3 users now have access to advanced tools that detect scams, trace stolen assets, and reduce losses—before it’s too late.