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Tether Freezes $435M in Wallets for U.S. Law Enforcement: Committed to Preventing Illicit Use, Implements ‘Wallet-Freezing Policy’

CryptoTether Freezes $435M in Wallets for U.S. Law Enforcement: Committed to Preventing Illicit Use, Implements 'Wallet-Freezing Policy'

Tether, the largest stablecoin issuer, has voluntarily frozen 326 wallets holding $435 million worth of USDT for U.S. law enforcement agencies, including the Department of Justice (DOJ), the FBI, and the Secret Service. This action aligns with Tether’s commitment to prevent the illicit use of stablecoins. The company implemented a “wallet-freezing policy” on December 1, freezing all wallets listed on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals (SDN) list. Tether’s CEO, Paolo Ardoino, emphasized the company’s dedication to being a global partner for the U.S. and expanding the dominance of the U.S. dollar. The stablecoin issuer has also outlined various measures, including a strong KYC/AML program and cooperation with law enforcement globally, to prevent nefarious activities involving USDT.

By FCCT Editorial Team freeslots dinogame telegram营销

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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