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Crypto firm Tether says it has frozen $225 million linked to human trafficking

  • Crypto firm Tether froze $225 million worth of its cryptocurrency after an investigation linked it to a human trafficking group in Southeast Asia.
  • Tether and crypto exchange OKX collaborated with the U.S. Secret Service and the Department of Justice on the investigation. The frozen tokens were not associated with Tether's direct customers.
  • Tether's action, supported by blockchain analysis firm Chainalysis, demonstrates how collaboration between cryptocurrency industry players and law enforcement can combat illicit activities.
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  • 75% of the sources are Center
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Benzinga broke the news in New York, United States on Monday, November 20, 2023.
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