Tether Freezes 32 Crypto Addresses Linked To Terrorism In Israel And Ukraine
16 Outubro 2023 - 2:00PM
NEWSBTC
Tether, the world’s largest stablecoin company, has reaffirmed its
commitment to combating cryptocurrency-funded terrorism and warfare
by collaborating with law enforcement agencies worldwide. The
company has frozen 32 addresses containing $873,118.34, allegedly
linked to illicit activities in Israel and Ukraine. Tether
Collaborates With Global Law Enforcement According to a blog post
on October 16, Tether has played a significant role in assisting 31
law enforcement agencies across 19 jurisdictions, freezing $835
million in assets primarily associated with thefts from blockchain
and exchange hacks. Related Reading: Bitcoin Price Surges 7%
In 10 Minutes On Fake iShares ETF News The company’s collaborations
span various countries, including Brazil, Singapore, Germany,
Canada, Argentina, China, Ukraine, and the United States. By
actively engaging with authorities, Tether aims to contribute to
the fight against cybercrime and ensure stolen funds are returned
to legitimate users. The company further stated: Of this,
Tether has frozen 32 addresses, containing $873,118.34, that were
found to be linked to illicit activity in Israel and Ukraine.
Tether has been working with the NBCTF in Israel to counter
cryptocurrency-funded terrorism and warfare. The ability of Tether
to freeze and return illicitly obtained funds highlights the
traceability and transparency of blockchain transactions. Contrary
to common misconceptions, cryptocurrency transactions are not
anonymous; they are meticulously recorded on the blockchain,
allowing for the tracking and tracing of fund movements. CEO
Stresses Traceability The recently announced CEO of Tether, Paolo
Ardoino, emphasized that criminals using cryptocurrencies for
illegal activities will inevitably be identified. Ardoino
stated: Tether remains committed to promoting responsible
blockchain technology use and standing as a robust defense against
cybercrime. We eagerly anticipate continued collaboration with
global law enforcement agencies as part of our commitment to global
security and financial integrity. While Tether’s actions
demonstrate the industry’s capacity to combat criminal use
effectively, some critics within the blockchain industry continue
to scrutinize the crypto sector, often neglecting to address the
slow or inadequately equipped traditional financial system’s role
in combating criminal funding. On this matter, Tether’s CEO
emphasized the importance of recognizing the traceability and
trackability of blockchain transactions, which serve as potent
deterrents to illicit activities. Related Reading: Crypto Shorts
See Carnage As Bitcoin Surges Towards $28,000 As the stablecoin
company behind USDT continues to collaborate with law enforcement
agencies globally, the company’s efforts highlight the potential of
blockchain technology to enhance financial security and
integrity. The traceability of transactions provided by
blockchain technologies offers a robust defense against cybercrime
and illicit financial activities. As the fight against cybercrime
intensifies, continued collaboration between cryptocurrency
companies and law enforcement agencies will play a crucial role in
ensuring the integrity and stability of the digital asset space.
Featured image from Shutterstock, chart from TradingView.com
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