Odaily Planet News: Tether froze over $544 million in cryptocurrency assets at the request of Turkey, which were involved in an alleged illegal online gambling and money laundering network. According to data from analytics firm Elliptic, as of the end of 2025, Tether and Circle had jointly blacklisted approximately 5,700 wallets, freezing a total of about $2.5 billion in funds, of which about two-thirds were USDT. Tether CEO Paolo Ardoino stated that the company took freezing measures in accordance with the law after receiving information from law enforcement, and this cooperation is part of Tether's global compliance efforts. Previously, the company had also cooperated with agencies such as the U.S. Department of Justice and the FBI. (Cointelegraph)
Tether Freezes $544M in Illegal Crypto Assets at Turkey's Request
KuCoinFlashShare
Summary
Tether froze $544 million in crypto assets at Turkey’s request, targeting an alleged illegal gambling and money laundering network. Elliptic data shows Tether and Circle blacklisted 5,700 wallets by 2025, freezing $2.5 billion, mostly in USDT. Tether CEO Paolo Ardoino said the move followed law enforcement requests and aligns with global compliance efforts, including CFT initiatives. The firm has worked with agencies like the U.S. DOJ and FBI. As MiCA approaches, such actions highlight regulatory cooperation in the crypto space.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.