Global Stablecoin Giant Takes Action
Tether has frozen over $544 million in crypto assets at the request of Turkish authorities. The funds were linked to an illegal online gambling and money laundering operation.
Paolo Ardoino, Tether's Chief Technology Officer, explained that the company acted on evidence provided by law enforcement. He emphasized Tether's commitment to fighting financial crime and supporting global law enforcement efforts.
- Turkish authorities recover illicit funds
- Tether expands compliance operations
- Blockchain security cooperation becomes industry trend
Industry Compliance Trends
According to Elliptic's latest report, Tether and Circle have blacklisted approximately 5,700 wallets by the end of 2025, freezing a total of $2.5 billion in assets, with two-thirds being USDT stablecoins.
This action highlights the cryptocurrency industry's increasing focus on compliance and anti-money laundering measures, showing major stablecoin issuers are actively cooperating with global regulators.