Tether is working closer with U.S. law enforcement, revealing it has already frozen 326 wallets linked to criminals, while VanEck CEO has pled a bullish case for the future of Bitcoin.
Stablecoin issuer Tether (USDT) has revealed it has frozen 326 wallets linked to criminals, totaling $435 million as of Dec. 15, and is working closer with U.S. law enforcement agencies than ever before.
“We have assisted in freezing, as of the date of this letter, approximately 326 wallets totaling approximately USDT 435 Million,” the firm’s CEO Paolo Ardoino explained to Senator Cynthia Lummis and U.S. Representative French Hill on Dec. 15.
Tether said it also onboarded the United States Secret Service into its platform to strengthen its compliance measures with U.S. law enforcement and is in the same process with the FBI.