Last week, the Wall Street Journal erroneously reported that Hamas and associated terrorist groups received tens of millions of dollars in cryptocurrency. However, analytics companies such as Chainalysis and Elliptic have refuted this, citing an amount of several thousand dollars. The WSJ did not publish a correction, and US lawmakers tightened their oversight of Tether and Binance.

Tether denies the allegations, saying there is no evidence of violations of sanctions or the Bank Secrecy Act. The stablecoin issuer is actively working with 31 law enforcement agencies in 19 jurisdictions to freeze $835 million in assets related to illegal activities. In collaboration with NBCTF in Israel, Tether froze 32 addresses associated with illegal activity, providing protection worth $873 million.

Tether calls on the US government to verify media information. The announcement comes after US lawmakers demanded the Department of Justice complete its investigation and consider bringing criminal charges against Binance and Tether based on the erroneous WSJ report.