USDT issuer – Tether has conducted the largest-ever freeze in history, blacklisting $225 million linked to human trafficking.
While many consider crypto the most preferable mode of transaction for criminals, proactive actions by crypto firms prove otherwise.
How Tether Collaborated With Other Companies to Freeze 225 Million USDT
Tether announced that it has worked with the OKX crypto exchange and the United States Department of Justice (DoJ) to block a human trafficking syndicate’s access to the USDT stablecoin. It took the help of the blockchain analysis firm – Chainalysis for the operation.
This is a developing story…
Read more: 8 Best Crypto Wallets to Store Tether (USDT)
Do you have anything to say about the Tether USDT or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).
For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.