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Tether has frozen 32 addresses linked to illicit activity

In an Oct. 16 post from Tether, the stablecoin issuer confirms it has frozen 32 addresses linked to illicit activity in Israel and Ukraine. These addresses are said to hold $873,118 worth of the Tether stablecoin. The report also shares that the company is working with the National Bureau for Counter Terror Financing in Israel to continue countering crypto-funded terrorism and warfare. Newly appointed Tether CEO Paolo Ardoino emphasized the transparency of cryptocurrency transactions on blockchain platforms, enabling Tether to play an integral role in preventing the use of USDT for terrorist funding. Tether has cooperated with 31 agencies across 19 jurisdictions.

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