Tether Freezes $225M Linked To Human Trafficking Syndicate - Largest Ever Freeze Of A Stablecoin🧐

#tether the stablecoin issuer, has frozen 225 million worth of #USDT following an investigation by the U.S. Department of Justice (DOJ) into an international human trafficking syndicate in Southeast Asia. 🚨

This marks the largest-ever freeze of a #stablecoin and is a result of a months-long investigation using blockchain analysis tools provided by Chainalysis.🪝

The investigation is related to "pig butchering" #scam which the FBI reported cost U.S. citizens $3.3 billion last year. The frozen tokens were held in self-custodied wallets and did not belong to Tether customers, as mentioned in the press release.💯

Paolo Ardoino, CEO of Tether, emphasized the company's proactive engagement with global law enforcement agencies and its commitment to transparency. 🤝

He stated, "Through proactive engagement with global law enforcement agencies and our commitment to transparency, Tether aims to set a new standard for safety within the #cryptocurrency space."👍