Tether, the company behind USDT, the first stablecoin in terms of market size, carried out its largest asset freeze today. Assets worth $344 million were frozen within the scope of cooperation with the USA. The spread of cryptocurrencies on a global scale also positively affects the ability of companies in this field to work together with law enforcement.
Tether Last Minute
For years Tether always big FUD It came to the fore with its news, but it was not destroyed. Currently, USDT is the largest in the world and today the company showed everyone where cryptocurrencies have evolved by freezing $344 million in assets. Nakamoto created Bitcoin with the ideal of an uncontrolled money, but at the point we have reached today, cryptocurrencies are similar to traditional finance in many aspects.
Following the information shared with Tether by the US authorities, 334 million USDT in 2 addresses was frozen. Tether wrote the following in the announcement it shared while the article was being prepared;
“This work has become a routine part of the company’s response to legal requests from authorities in the United States and abroad. To date, Tether has cooperated with more than 340 law enforcement agencies in 65 countries and continues to do so. In practice, this means coordinating directly with investigators during active cases, rather than reacting after funds are distributed.”
Tether, USDT We maintain a zero-tolerance policy against criminal use of our financial products, including criminal activity, and have long complied with OFAC guidelines regarding the Specially Designated Nationals (SDN) List. “When linked to illegal activities or illegal actors, we work closely with law enforcement agencies globally to detect and freeze assets upon request to prevent their further movement.”
