The world’s largest stablecoin issuer Tether In his post on his X account, he said that he had frozen 32 addresses linked to terrorism and war in Israel and Ukraine.
He explained the incident in detail in his blog post. Tether announced that it had frozen 32 addresses containing $873,118.34 that were found to be linked to illegal activities in Israel and Ukraine.
Tether Freezes 32 Addresses Linked to Terrorism and Warfare in Israel and Ukraine
Read more:https://t.co/aKt3WOG1AS
— Tether (@Tether_to) October 16, 2023
Tether, cryptocurrency He also stated that he was working with the NBCTF in Israel to counter terrorism and war financed by his unit.
Tether statement “Tether, the world’s largest cryptocurrency company, continues to take swift action against the illegal use of its stablecoin to finance terrorism and criminal activities. At this point, Tether has frozen 32 addresses containing $873,118.34 that were found to be linked to illegal activities in Israel and Ukraine. “ said.
Tether CEO Paolo Ardoino He made the following statements in his statement on the subject:
“Cryptocurrency is a powerful tool, but it is not and should not be a tool for crime.
Contrary to popular belief, cryptocurrency transactions are not anonymous; these are the most traceable and traceable assets. Every transaction is recorded on the blockchain, making it possible for anyone to track the movement of funds.
As a result, criminals foolish enough to use cryptocurrencies in illegal activities will inevitably be detected.
Tether remains committed to promoting the responsible use of blockchain technology and being a strong defense against cybercrime.
“We look forward to continued collaboration with global law enforcement as part of our commitment to global security and financial integrity.”
*This is not investment advice.
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