Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...
Tether’s September 18 report revealed that the company froze over 1,850 wallets linked to criminal activities across 45 jurisdictions, in collaboration with more than 180 agencies.
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This action is part of the company’s ongoing efforts to combat financial crime and maintain the integrity of its stablecoin ecosystem. The operation also led to the recovery of $1.86 billion in assets.
The September 18 report emphasized Tether’s commitment to compliance, highlighting its strict adherence to Know-Your-Customer (KYC) and Anti-Money Laundering (AML) regulations.
Compliance remains a core focus as the company continues to build trust within the financial and cryptocurrency sectors.
In addition to compliance efforts, Tether underscored its role in assisting law enforcement worldwide.
According to the report, the company has collaborated with agencies in several high-profile cases, including assisting in the recovery of funds linked to cybercriminal activities such as the Lazarus Group, a North Korean hacking collective.
In a separate legal development, the UK High Court recently ruled on the property status of Tether’s USDT stablecoin.
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