"Tether's freeze of $344 million in USDT was executed after investigators identified the wallets and flagged them for sanctions evasion, criminal network activity, or other illicit use. The action was coordinated with the Office of Foreign Assets Control and multiple U.S. law enforcement agencies."
"CEO Paolo Ardoino stated, 'USDT is not a safe haven for illicit activity. When credible links to sanctioned entities or criminal networks are identified, we act immediately and decisively.'"
"Tether currently collaborates with over 340 law enforcement agencies across 65 countries, contributing to more than 2,300 cases globally. This cooperation has allowed Tether to freeze $4.4 billion in assets, including $2.1 billion linked to U.S. agencies."
On April 23, 2026, Tether froze over $344 million in USDT due to information from U.S. authorities regarding unlawful conduct. This action was coordinated with the Office of Foreign Assets Control and U.S. law enforcement. Tether has previously supported over 2,300 global cases, freezing a total of $4.4 billion in assets. CEO Paolo Ardoino emphasized Tether's commitment to real-time monitoring and collaboration with law enforcement to prevent illicit use of its products.
Read at news.bitcoin.com
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