Tether has helped law enforcement agencies worldwide freeze more than $5 billion in illegal assets, involving over 2,800 cases
On September 11, according to disclosures on Tether’s official website, the company has established cooperation with 340+ law enforcement agencies across 67 countries. In total, it has helped handle more than 2,800 cases worldwide, including more than 1,600 involving U.S. law enforcement agencies.
As of now, Tether’s cooperation with law enforcement agencies around the world has led to the freezing of over $5 billion worth of assets related to illegal activities, including more than $2.5 billion achieved through joint efforts between Tether and officials from the U.S. Department of Justice (DOJ).
In its cooperation with the DOJ, Tether recently assisted the DOJ in seizing two wallets tied to “new-coin-backed” arrangements used to collect payments from vendors, and filed requests to freeze an additional 47 wallets suspected of money laundering. The combined coordinated actions resulted in freezes totaling more than $52 million.
The scope of this collaboration goes far beyond that. Tether also helped dispose of approximately $225 million worth of USDT related to international human trafficking and “pig butchering” scam groups.
Meanwhile, nearly $61 million in additional USDT related to large-scale cryptocurrency investment fraud has also entered the disposal process. In addition, Tether has cooperated with the OFAC and U.S. law enforcement agencies to freeze more than $344 million in USDT.
Taken together, these figures demonstrate the depth of Tether’s involvement in cooperation with law enforcement agencies worldwide, and also mark a comprehensive upgrade of the institution’s collaboration capability—from case-by-case responses to systematic cooperation across institutions and borders.
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