Thrilling Collaboration: Tether Joins Forces With FBI & Secret Service To Conquer Crime!

In the letter, Tether’s CEO, Paolo Ardoino, stated that their company has recently frozen several wallet addresses containing USDT that were listed on the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctions list. Tether also declared aiding the Department of Justice, the Federal Bureau of Investigation (FBI), and the U.S. Secret Service in seizing 326 crypto wallets containing 435 million USDT.

Tether further affirmed its commitment to supporting U.S. authorities in combating financial crimes and terrorist financing through cryptocurrencies, while implementing Know Your Customer (KYC) measures and anti-money laundering (AML) protocols.”

Tether is grateful for the opportunity to address the concerns raised by U.S. lawmakers, and we are committed to continuing Tether’s close work with law enforcement in the U.S. and globally”

Mr. Ardoino commented:

As reported by CoinNerd, Tether has taken a number of actions to freeze cryptocurrency wallets since the beginning of December 2023, including 161 wallets sanctioned by OFAC and a series of wallets containing up to 225 million USDT from multiple criminal organizations.