Tether froze $4.2B in tokens tied to illicit activity in 3 years: Report

Tether froze $4.2B in tokens tied to illicit activity in 3 years: Report

6.33%LINK$8.31 6.12%ETH$1,870 4.84%DOGE$0.08889 7.09%BTC$64,040 2.95%ADA$0.2636 7.57%XLM$0.1491 6.50%HYPE$27.34 2.78%SOL$78.96 5.27%XMR$325.78 4.54%BNB$596.99 2.97%XRP$1.29 6.13%TRX$0.2793 1.71%USD Written by Amin Haqshanas,Staff WriterReviewed by Bryan O'Shea,Staff EditorTether froze $4.2B in tokens tied to illicit activity in 3 years: Report2 hours agoTether blocked billions in USDt tied to scams and laundering cases as authorities increasingly rely on stablecoin issuers to halt suspicious funds. Stablecoin issuer Tether has reportedly frozen roughly $4.2 billion worth of its USDt tokens connected to suspected criminal activity over the past three years. Most of the blocked funds were restricted since 2023, as regulators and law enforcement agencies intensified scrutiny of crypto-related fraud and sanctions evasion, the El Salvador-based firm reportedly told Reuters on Friday. Tether’s

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