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.
17 Articles
17 Articles
Crypto firm Tether says it has frozen $225 million linked to human trafficking
London (Reuters) – Crypto firm Tether said on Monday that it had frozen $225 million worth of its cryptocurrency which it said had been linked to a human trafficking group in Southeast Asia. The U.S. Secret Service asked Tether to freeze the tokens during a “months-long investigative effort” by Tether and the crypto exchange OKX, Tether said in a blog post, without giving details about the scope or timescale of the investigation. The Secret Serv…
Crypto firm Tether says it has frozen $225 million linked to human trafficking
By Elizabeth Howcroft LONDON (Reuters) - Crypto firm Tether said on Monday that it had frozen $225 million worth of its cryptocurrency which it said had been linked to a human trafficking group in
Crypto firm Tether freezes $225 mln
Crypto firm Tether said on Monday that it had frozen $225 million worth of its cryptocurrency which it said had been linked to a human trafficking group in Southeast Asia. The U.S. Secret Service asked Tether to freeze the tokens during a “months-long investigative effort” by Tether and the crypto exchange OKX, Tether said in a blog post, without giving details about the scope or timescale of the investigation. The Secret Service did not immedia…
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