Tether and DOJ Jointly Freeze $225 Million in Criminal Funds
Tether has executed a significant freeze of $225 million in assets, targeting an international crime ring involved in human trafficking. This strategic move was a result of a collaboration between Tether, the U.S. Department of Justice, and the cryptocurrency exchange OKX.
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Tether has executed a significant freeze of $225 million in assets,
targeting an international crime ring involved in human trafficking.
This strategic move was a result of a collaboration between Tether, the
U.S. Department of Justice, and the cryptocurrency exchange OKX.
The
freeze, facilitated by Chainalysis' blockchain analysis tools, marks
Tether's largest to date. The process began with Tether passing crucial
data to the U.S. Department of Justice, leading to law enforcement's
active involvement.
“Through
proactive engagement with global law enforcement agencies and our
commitment to transparency, Tether aims to set a new standard for safety
within the crypto space,” Paolo Ardoino, CEO of Tether, stated.
Tether
also assures that any legitimate wallets inadvertently affected will be
unlocked after law enforcement and Tether's thorough examination.
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