Tether CEO Rejects Senate Claims Over Iran-Linked USDT
🛡️ Tether CEO Paolo Ardoino refutes a US Senate subcommittee report accusing the company of delays in freezing wallets linked to Iran, asserting that Tether acts proactively, often four weeks ahead of formal sanctions.
📉 The report titled "Tethered to Terrorism" claims that 84% of the analyzed wallets transacted primarily in USDT, highlighting delays in freezing certain wallets associated with Hezbollah and other sanctioned entities.
💰 Tether reports freezing nearly $550 million in Iran-linked USDT this year and claims to have assisted in freezing over $4.9 billion overall, including significant amounts tied to US authorities and Israel's counter-terror financing efforts.
🛡️ Tether CEO Paolo Ardoino refutes a US Senate subcommittee report accusing the company of delays in freezing wallets linked to Iran, asserting that Tether acts proactively, often four weeks ahead of formal sanctions.
📉 The report titled "Tethered to Terrorism" claims that 84% of the analyzed wallets transacted primarily in USDT, highlighting delays in freezing certain wallets associated with Hezbollah and other sanctioned entities.
💰 Tether reports freezing nearly $550 million in Iran-linked USDT this year and claims to have assisted in freezing over $4.9 billion overall, including significant amounts tied to US authorities and Israel's counter-terror financing efforts.