Tether-Group is a fake website that poses as the Tether cryptocurrency and lies about its validity and legitimacy to find the user’s funds. While Tether-Group may look legitimate professionally, many victims have reported (and still) report that Tether-Group is not even an exchange, but rather a scam to simply take money from users.

Website – tether-group.com

Address –Edificio Torre Futura, Oficina 6, Nivel 11, entre 87 y 89 avenida norte, Colonia Escalón, San Salvador, El Salvador. 

Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.

Fake branding and identity theft

The site convinces users to trust them by using the name “Tether”, deceiving investors into believing the platform has an affiliation with the legitimate Tether project. Up to this point, Tether-Group has had no official relationship with the real Tether project (USDT). Often seen to help build trust with unsuspecting users, Tether-Group is using brand deception to gain trust.

The withdrawal scam

Victims also reported that there are many fees you must pay first before you can withdraw your funds (if you have any funds left!). Victims were required to pay “taxes” – sometimes upwards of 20 of them – in order to withdraw. This is a common manipulation tactic used by investment scams or fraudulent platforms, which coerces further payments at your expense. Many claim they still couldn’t withdraw their funds (even after paying the “tax”).  It’s obvious this is a scam with the intent to drain users of their money.

FAQs

Q1: Is Tether-Group affiliated with the real Tether (USDT)?

No, it is a fraud scheme impersonating Tether without any security offered.

Q2: Can users withdraw money from Tether-Group?

No, users claimed they have been blocked or have had to pay fictitious “taxes” only to never receive their money.

Q3: What do I do if I have been scammed by Tether Group?

Report it to your financial authority and possibly use trusted recovery services although you may not get your funds back.