• Tether has assisted in recovering $108.8M in illicit USDT.
  • Recent collaborations include freezing $225M with the DOJ and $873K with Israel.

Tether has actively collaborated with law enforcement agencies globally since its inception in 2014 to combat illegal activities involving its stablecoin, USDT. The company has played a significant role in helping 145 law enforcement agencies recover more than $108.8 million in USDT. This amount was tied to various illicit activities. The company actively targets wallets connected to illicit activities as part of its strategy to combat cryptocurrency crime.

To further its efforts, Tether has voluntarily blocked over 1,900 cryptocurrency wallets worldwide. These wallets were identified as being connected to illicit activities. Furthermore, they have been a part of the company’s proactive strategy to combat crime in the cryptocurrency space. Tether has also publicly condemned the misuse of USDT or any cryptocurrency for criminal activities. Reinforcing its stance on maintaining a secure and transparent ecosystem for its users.

Tether’s Law Enforcement Collaboration and Key Cases

Recently, Tether collaborated with the United States Department of Justice (DOJ) and crypto exchange OKX to freeze $225 million in USDT linked to a Southeast Asia-based crime syndicate involved in a romance scam. This operation followed a months-long investigation and resulted in the freezing of funds used by the crime syndicate for fraudulent activities, illustrating it’s ongoing commitment to law enforcement partnerships​

In addition, Tether has worked with other global law enforcement bodies to freeze assets connected to criminal syndicates. Tether CEO Paolo Ardoini on August 23 stated: “Tether is committed to aiding global law enforcement in tackling the illegal use of cryptocurrency.” 

Notably, in collaboration with Israel’s National Bureau for Counter Terror Financing, Tether froze around $873,000 worth of USDT allegedly used to fund terrorist activities in Israel and Ukraine. This proactive stance showcases it’s dedication to using its technological capabilities to prevent the misuse of digital currencies​. Tether uses its ability to freeze assets to deter criminal activities and prevent exploitation of its platform for illegal purposes.

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