Tether Assists Turkey in Freezing $544 Million in Assets Linked to Illegal Gambling
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Summary
Tether Holdings SA, the issuer of the $185 billion USDT stablecoin, assisted Turkish authorities in freezing $544 million in assets linked to Veysel Sahin, who is accused of operating an illegal online gambling platform. The action is part of a broader Turkish operation, with over $10 billion in assets frozen to date. Tether CEO Paolo Ardoino confirmed the company’s collaboration with global law enforcement. An Elliptic report shows that Tether and Circle have blacklisted 5,700 wallets, totaling $2.5 billion in frozen assets. This development underscores real-world assets (RWA) news and ongoing market developments.
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