Tether Freezes $4.2B in USDT Linked to Crime in 3 Years: Report
Cointelegraph
Tether has reportedly frozen approximately $4.2 billion in USDT tokens connected to criminal activity over the last three years.Summary
Stablecoin issuer Tether has frozen about $4.2 billion worth of its USDt tokens linked to suspected criminal activity over the past three years, with most restrictions occurring since 2023 due to increased scrutiny from regulators and law enforcement. Tether assists authorities by blacklisting wallet addresses, recently helping the US Department of Justice seize nearly $61 million tied to "pig-butchering" scams and freezing $544 million for Turkish authorities related to illegal betting. This action comes as the circulating supply of USDt is experiencing its largest monthly decline in three years, though Tether attributes this to short-term distribution changes rather than weakening demand.
(Source：Cointelegraph)