Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
Stablecoin issuer Tether has frozen funds in 32 cryptocurrency addresses linked to terrorism and warfare in Israel and Ukraine, according to a Monday
Tether said that it has been working with Israel's National Bureau for Counter Terror Financing to counter cryptocurrency-funded terrorism and warfare. By freezing a wallet, Tether restricts the"send USDT" function of that wallet, meaning that the owner cannot transfer funds until the freeze is lifted.a surprise attack by the terrorist organization
"Tether remains committed to promoting responsible blockchain technology use and standing as a robust defense against cybercrime,” said newly-appointed Tether CEO Paolo Ardoino. “We eagerly anticipate continued collaboration with global law enforcement agencies as part of our commitment to global security and financial integrity.”
Tether froze $46 million worth of its USDT stablecoin last November following a law enforcement request in relation to an FTX wallet during the exchange’s collapse.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a.
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Tether freezes 32 crypto wallets holding $873,118 linked to terrorism and warfare in Israel, UkraineTether has frozen 32 virtual wallets linked to crypto-funded terrorism and warfare in Israel and Ukraine, according to a media release published on Monday.
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Tether freezes $873K USDT linked to terrorist activity in Ukraine, IsraelStablecoin issuer Tether has frozen $873,000 worth of USDT in wallets linked to terror financing in Israel and Ukraine.
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