A report was recently published by WSJ and it was mentioned that the largest stablecoin by market value was in trouble. in those days Tether The CEO had said that they had not received any signs of any investigation regarding money laundering and violation of sanctions, and that there was no problem.
Tether and Security Forces
According to the report published a few hours ago today Tether (USDT) team has received praise from Canadian Law Enforcement. In the blog post shared by the company, Tether was reported stolen to the Ontario Provincial Police (OPP). crypto- It is reported that he assisted in a new investigation that resulted in the recovery of the money.
“This recovery of approximately CAD 10,000 was made possible thanks to the proactive participation and support of Tether along with the OPP Cyber Investigation Team (CIT).”
The Tether team voluntarily participated in the investigation, freezing the asset in the wallet of the person involved in the crime and ensuring that it was returned to its owner. Detective Addison Hunter of the Ontario Provincial Police said;
“With the voluntary assistance and cooperation of Tether International Ltd, the stolen crypto assets were successfully recovered. It was returned to the victim. “This collaboration was effective in ensuring rapid recovery of assets.”
The company’s CEO, Paolo Ardoino, wrote:
“Tether is committed to supporting law enforcement efforts to combat cybercrime. “We are honored to have worked with the OPP and stand ready to work with government agencies around the world by providing the tools necessary to hold bad actors accountable and ultimately support victims.”
Why Is Tether Making These Announcements?
The company, which has been openly targeted by the mainstream media, has been struggling with FUD for years. We’ve seen a lot of FUD, from the health of its reserves to the banks it works with. Finally, WSJ mentioned that Tether is under intense investigation by the US for making it easier for criminals.
But Tether They rejected the allegations of investigation, saying that they have been in close cooperation with law enforcement for a long time. According to its website, the company has worked with more than 195 law enforcement agencies in 48 jurisdictions, helping to freeze over $2 billion in assets to date.
Since the investigation into Tether will shake all markets, statements that there is no such thing and that close cooperation is maintained are in favor of the markets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
