• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Tether freezes 225 million USDT linked to crime

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Stablecoin issuer Tether explained it cooperated with exchange OKX in the US Department of Justice investigation, which led to the freezing of 225 million USDT linked with criminal organizations.

Tether freezes 225 million USDT linked to crime. Photo: SwissBorg

On the evening of November twenty, the world’s biggest stablecoin issuer, Tether (USDT), announced that it had frozen a substantial quantity of USDT in numerous wallet addresses, with a complete worth of $225 million.

This is Tether’s biggest USDT freeze to date.

Following investigations by Tether, OKX and the US Department of Justice, Tether voluntarily freezes 225 million stolen USDT linked to worldwide crime syndicate https://t.co/yrofwNtK5s

—Tether (@Tether_to) November 20, 2023

Tether exposed that the cash was linked to a cross-border human trafficking ring originating in Southeast Asia. This is the outcome of an investigation carried out by the US Department of Justice, in collaboration with blockchain information exploration unit Chainalysis, OKX Exchange and Tether.

Tether says this situation is a superior indicator that cryptocurrency organizations can even now comply with the law, even although the cryptocurrency sector has not still been incorporated in a thorough legal framework. The transparency of blockchain technologies also facilitates the approach of monitoring cash flows, therefore revealing the tricks of criminals.

Tether’s new CEO, Paolo Ardoino, explained:

“Through proactive collaboration with global authorities and commitment to transparency, Tether aims to set a new standard for the cryptocurrency industry. Our latest collaboration with the US Department of Justice reaffirms our commitment to creating a safe environment. We believe that by combining technology and relationships like the one with OKX, the company can proactively prevent criminal activity and maintain the highest industry standards.”

Tether has continually produced progress in current occasions to aid governments in numerous nations avoid terrorist financing and cash laundering, most notably in the ongoing conflicts in Ukraine and Israel. However, numerous US lawmakers have identified as on the stablecoin’s issuer to investigate and clarify USDT’s position in criminal pursuits.

Thanks to the solid recovery of the cryptocurrency industry given that mid-October, the capitalization of USDT has improved by $four billion, continuing to retain Tether’s place as the biggest stablecoin in the cryptocurrency sector.

Coinlive compiled

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
Binance Labs invests $3.15 million in Open Campus, EDU builds columns

Binance Labs invests $three.15 million in Open Campus, EDU builds columns

November 27, 2023
Maybe you are interested:

Join the discussion on the hottest difficulties in the DeFi industry in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!

Tags: BindCrimefreezesLinkedmillionTetherto freezeUSDT
Share76Tweet47

Related Posts

Czech Justice Minister Resigns After Bitcoin Sale Controversy

by shark
June 1, 2025
0

Czech Justice Minister Pavel Blažek resigns amid controversy over Bitcoin sale linked to a convict's donation, raising transparency concerns.

Bitcoin Surges as Institutional Interest Peaks Amid Economic Uncertainty

by shark
June 1, 2025
0

President Donald Trump announced a plan to double steel tariffs from 25% to 50% to boost domestic industries and protect...

Coinbase Launches 24/7 Trading for XRP, Solana Futures

by shark
June 1, 2025
0

Coinbase now offers 24/7 futures trading for XRP and Solana amid global derivatives expansion.

Trump Media Invests $2.44 Billion in Bitcoin Treasury Acquisition

by shark
June 1, 2025
0

Donald J. Trump's Trump Media and Technology Group has secured $2.44 billion for Bitcoin acquisition, positioning itself as one of...

Trump Plans to Double U.S. Steel Tariffs

by shark
June 1, 2025
0

Donald Trump’s announcement on steel tariffs is a move to invigorate U.S. industrial growth and impact global markets and cryptocurrencies.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Czech Justice Minister Resigns After Bitcoin Sale Controversy
  • Bitcoin Surges as Institutional Interest Peaks Amid Economic Uncertainty
  • SHIB and XRP Heat Up, But Web3 ai’s 1,747% ROI Makes it 2025’s Top Crypto to Watch
  • Coinbase Launches 24/7 Trading for XRP, Solana Futures
  • Trump Media Invests $2.44 Billion in Bitcoin Treasury Acquisition
  • Trump Plans to Double U.S. Steel Tariffs
  • SharpLink Gaming Files $1B SEC Registration for Ethereum Purchases
  • Most Potential Crypto: Qubetics Hits $17.5M Presale as Quant and OKB Maintain Institutional Momentum
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7