Tether (USDT) Intervenes on Terrorism in Israel and Ukraine
Tether’s move to block 32 addresses linked to “illicit activity” sees its total-frozen rise to a staggering $835 million.
According to a blog posted on October 16, Tether, the issuer of the popular USDT stablecoin, has reportedly frozen some 32 addresses over alleged links to “illicit activity” in the ongoing conflicts in Israel and Ukraine. These addresses reportedly contained more than $870,000 in assets.
“Tether, the largest stablecoin company in the world, reaffirmed its commitment to working closely with law enforcement agencies across the globe to combat cryptocurrency-funded terrorism and warfare” reads the post."
According to the post, Tether has now helped in freezing a staggering $835 million in cryptocurrency linked to malicious activity and, in doing so, has now aided 31 agencies worldwide, across 19 different jurisdictions.
The post also issued a harsh criticism of traditional journalists, who are “failing to hold the slow or poorly equipped traditional financial system accountable” and “making attempts to spin a case against the crypto industry”.
Read More: https://www.bsc.news/post/tether-usdt-intervenes-on-terrorism-in-israel-and-ukraine
Tether’s move to block 32 addresses linked to “illicit activity” sees its total-frozen rise to a staggering $835 million.
According to a blog posted on October 16, Tether, the issuer of the popular USDT stablecoin, has reportedly frozen some 32 addresses over alleged links to “illicit activity” in the ongoing conflicts in Israel and Ukraine. These addresses reportedly contained more than $870,000 in assets.
“Tether, the largest stablecoin company in the world, reaffirmed its commitment to working closely with law enforcement agencies across the globe to combat cryptocurrency-funded terrorism and warfare” reads the post."
According to the post, Tether has now helped in freezing a staggering $835 million in cryptocurrency linked to malicious activity and, in doing so, has now aided 31 agencies worldwide, across 19 different jurisdictions.
The post also issued a harsh criticism of traditional journalists, who are “failing to hold the slow or poorly equipped traditional financial system accountable” and “making attempts to spin a case against the crypto industry”.
Read More: https://www.bsc.news/post/tether-usdt-intervenes-on-terrorism-in-israel-and-ukraine
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