Tether, OKX Collaborate with DOJ to Freeze $225 Million in USDT Linked to Human Trafficking Scam
In an effort to combat criminal activity in the crypto space, Tether, the largest company in the cryptocurrency ecosystem, and leading global crypto...
- Tether and OKX have collaborated with the United States Department of Justice (DOJ) in an investigation to combat criminal activity in the crypto space.
- A substantial amount of USDT has been frozen, representing the largest-ever freeze of this cryptocurrency.
- The investigation involved close cooperation with U.S. law enforcement agencies and blockchain analysis firm Chainalysis.
- The frozen wallets are not associated with Tether's customers and will be unfrozen in accordance with legal requirements and in collaboration with law enforcement and wallet owners.
- This collaboration demonstrates the potential of blockchain technology to hinder criminal activity and sets a new standard for safety in the crypto industry.
The article highlights a positive development in the fight against cryptocurrency-related crime, emphasizing the willingness of industry players to work with law enforcement and the potential of blockchain technology to combat illicit activities.