According to ChainCatcher, citing Reuters, Tether stated that it has collectively frozen approximately $4.2 billion in USDT due to associations with illegal activities, with about $3.5 billion frozen since 2023. This week, it assisted the U.S. Department of Justice in freezing nearly $61 million in USDT linked to pig-butchering scams. Tether said it can remotely freeze USDT in users’ wallets upon request from law enforcement authorities.
Tether Freezes $420M in USDT Linked to Illegal Activities, Assists DOJ in Freezing $61M in 'Pig-Butchering' Fraud
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Summary
Tether has frozen $420 million in USDT linked to illegal activities, including $350 million since 2023. This week, it assisted the U.S. Department of Justice in freezing $61 million in USDT connected to a "pig-butchering" scam. Tether can remotely freeze tokens upon request, in alignment with global initiatives such as MiCA and CFT. The company continues to support law enforcement in combating financial crime.
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