Tether Partners with Canadian Authorities to Retrieve Stolen Digital Assets Worth $10,000 CAD

The biggest company in the digital assets sector, Tether, said today that it helped the Ontario Provincial Police (OPP) in a recent investigation that turned up recovered stolen cryptocurrencies. Thanks in large part to the stablecoin company’s early involvement and support and the OPP Cyber Investigations Team (CIT), this recovery—valued at almost $10,000 CAD—was made possible.

Thanks to Tether’s voluntary help, USDT assets engaged in the incident could be quickly frozen and later returned to their proper owner. 

Detective Staff Sergeant Addison Hunter of the OPP stated, “With the voluntary assistance and cooperation of Tether International Ltd., the stolen digital assets were successfully seized and returned to the victim. This collaboration was instrumental in ensuring the swift recovery of the assets.”

“Tether remains dedicated to supporting law enforcement efforts to combat cybercrime,” said Paolo Ardoino, CEO of Tether. “We are honored to have worked with the OPP and stand ready to work alongside government agencies across the globe, providing the essential tools to hold bad actors accountable and, ultimately, support the victims.”

Tether’s History & Contribution

More than 350 million individuals in underdeveloped nations use USDT, primarily for remittances, to access banking services, and as a way to save USD. To protect their families from the spiralling devaluation of their local currencies, entire communities in Africa, Central America, and South America depend on USDT as their digital currency.

When it comes to helping law enforcement agencies throughout the world fight cybercrime and other illegal activity, the company has always been very committed. 

Over $2 billion in assets associated with illegal activity have been frozen thanks to the stablecoin company’s collaboration with over 195 law enforcement agencies in 48 jurisdictions. 

The dedication of the company to fighting illegal activity and protecting the crypto ecosystem is unwavering.