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Tether freezes millions of USDT in a move that pokes holes at recent claims from anti-crypto lawmakers.

Tether, in an unprecedented move, has frozen approximately $225 million in USDT tokens, linked to a human trafficking syndicate in Southeast Asia. This action, the largest-ever freeze of USDT in history, was executed in collaboration with the United States Department of Justice (DOJ) and global crypto exchange OKX.

Tether has frozen approximately 225 million USDT tokens in collaboration with OKX and the U.S. Department of Justice (DOJ).

Tether has conducted the biggest-ever USDT freeze in history following a joint probe with OKX and the U.S. DOJ.

Besides freezing assets, Tether follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols.

The investigation was conducted with blockchain analysis firm Chainalysis. The $225 million is the largest-ever freeze of USDT, Tether said.

Stablecoin issuer Tether (CRYPTO: USDT), in collaboration with crypto exchange OKX, Monday announced the freezing of approximately $225 million in USDT tokens that were identified in external self-custody wallets linked to a Southeast Asian human trafficking syndicate involved in a pig butchering scam. The operation, a result of a joint investigation with the U.S. Department of Justice (DOJ), marks the largest-ever freeze of USDT in the history of Tether.

Tether, the issuer of the USDT stablecoin, and crypto exchange OKX have partnered with the U.S. Department of Justice to seize $225 million, the largest-ever freeze of USDT in history, according to a Nov. 20 statement.

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.

Tether "proactively and voluntarily" froze around $225 million stored in self-custodied wallets linked to a human trafficking syndicate.

In a significant move against crypto misuse, Tether and OKX collaborate with the Department of Justice (DOJ) to freeze $225 million in USDT linked to a human trafficking ring. This marks the largest freeze of USDT in history, reflecting the increasing cooperation between the crypto industry and law enforcement in tackling criminal use of digital assets.

The funds seized by Tether were linked to a “pig butchering” scam that cost U.S. citizens $3.3 billion in 2022, according to the FBI.

The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam.

The largest-ever USDT freeze was announced by the stablecoin issuer - Tether The freeze was connected to an international crime syndicate involved in pig butchering scam Crypto exchange - OK The post Tether and OKX announce the largest-ever USDT freeze appeared first on AMBCrypto.

Tether says it participated in an investigation leading to the largest freeze of USDT in history.

Tether and OKX, two prominent cryptocurrency companies, have joined forces with the United States Department of Justice (DOJ) to immobilize $225 million in USDT tokens. This action, primarily targeting a human trafficking syndicate in Southeast Asia, marks the largest freeze of USDT in history.

This incident prompts a closer examination of similar cases involving Tether and other stablecoin issuers like Circle. Tether, which operates on various blockchains, including Ethereum and Tron, plays a crucial role in the crypto market.

The leading global stablecoin company, Tether, voluntarily froze approximately $225 million worth of USDT tokens held in external self-custody wallets.

Tether collaborates with DOJ to freeze $225M tied to a human trafficking syndicate, its largest freeze ever.

Tether has enacted its largest token freeze in history following a months long criminal investigation with OKX.

Tether voluntarily freezes 225 million USDT in record collaboration with the DOJ and OKX, targeting a global "pig butchering" romance scam.

USDT issuer – Tether has conducted the largest-ever freeze in history, blacklisting $225 million linked to human trafficking.

In an effort to combat criminal activity in the crypto space, Tether, the largest company in the cryptocurrency ecosystem, and leading global crypto exchange and Web3 technology company OKX, today announced that they have collaborated with the United States Department of Justice (DOJ) in an investigation.

Stablecoin issuer Tether has frozen $225 million worth of its stablecoin following an investigation by the U.S. Department of Justice (DOJ) into an international human trafficking syndicate in Southeast Asia.