Breaking: Tether freezes 225 million USDT linked to human traffickers ensuing investigation with US DOJ & OKX
Tether announced on Monday that it froze about $225 million worth of USDT voluntarily, marking the largest freeze in the history of the stablecoin. ...
- Tether announces the voluntary freeze of $225 million worth of USDT, the largest freeze in the stablecoin's history.
- The frozen assets were held in external self-custodial wallets linked to an international human trafficking syndicate in Southeast Asia.
- The syndicate is involved in a romance scam known as the "pig butchering" scam.
- The collaboration between Tether and the Department of Justice highlights their commitment to addressing illicit activities and maintaining industry integrity.
The article highlights Tether's proactive approach in addressing illicit activities and maintaining industry integrity. However, it also emphasizes the risks and uncertainties associated with investing in open markets.