Sign in

Tether, OKX collaborate with DOJ to seize record $225M in illicit USDT funds

Tether, the issuer of the USDT stablecoin, and crypto exchange OKX have partnered with the U.S. Department of Justice to seize $225 million, the largest-ever freeze of USDT in history, according to a Nov. 20 statement.

Read in Full:

Timeline of Tether

Tether and OKX Work Together to Prevent $225M in Illicit Funds - Crypto Headlines

In a significant move against crypto misuse, Tether and OKX collaborate with the Department of Justice (DOJ) to freeze $225 million in USDT linked to a human trafficking ring. This marks the largest freeze of USDT in history, reflecting the increasing cooperation between the crypto industry and law enforcement in tackling criminal use of digital assets.

Tether Mints $4,000,000,000 in One Month As Paolo Ardoino Hints Plans for 2024 Could ‘Obliterate' Web2 - The Daily Hodl

Incoming Tether CEO Paolo Ardoino is hinting at big things to come for the firm as billions of new USDT enter the digital asset market. Ardoino says on the social media platform X that Tether, the largest stablecoin issuer in the world, is adding new components to its ecosystem that will “obliterate” the Web2 industry.

US Legislators Raise Concerns Over Tether's China Ties, Propose Ban on Federal Officials' Business - CoinPedia

In a recent legislative move, US lawmakers have set their sights on Tether's parent company, iFinex, citing worries over its ties to Chinese securities. They propose a law to stop federal government officials from doing business with iFinex, aligning with the broader crackdown on Chinese blockchain companies. Tether's Chinese Links Uncovered U.S.

Binance Introduces High-Yield USDT Earning Program in Competitive Market - Crypto Headlines

Binance has launched a time-limited opportunity for investors to earn up to 13% Annual Percentage Yield (APY) through its latest program. This promotion, active from November 7 to November 13, 2023, allows users to enjoy real-time APY rewards that accumulate and reflect in their Earn wallet every minute.

Taiwan's Record 320M USDT Crypto Laundering Scandal Unveiled! - Coincu

Taiwanese authorities recently made a significant breakthrough in the battle against crypto laundering, cryptocurrency-related crimes, uncovering what is being touted as the country's largest-ever money laundering case involving a staggering sum of 320 million USDT.

Tether Dominates Brazil's Cryptocurrency Landscape, Holding 80% of Transactions - Tokenpost

The cryptocurrency landscape in Brazil has recently undergone a significant transformation, with Tether (USDT) emerging as the dominant player. According to recent figures released by Brazils revenue service, USDT now fuels a substantial 80% of cryptocurrency transactions in Brazil.

Brazil reports stablecoin boom as USDT trading volume surpasses all other digital assets combined - CryptoSlate

Brazil's Receita Federal — the Special Department of Federal Revenue — has recently reported a substantial increase in the usage of stablecoins, specifically Tether's USDT. According to the regulator's report, the volume of USDT exceeded the combined trading volume of all other cryptocurrencies in 2022.

US Senator Asks DOJ To Consider Criminal Charges Against Binance and Tether Over Alleged Illicit Finance Links - The Daily Hodl

US Senator Cynthia Lummis (R-WY) says the U.S. Department of Justice (DOJ) should press criminal charges against Binance crypto exchange and Tether over their alleged involvement in financing illicit activity.

Senators Urge DOJ to Investigate Binance and Tether for supporting Hamas - CoinPedia

In a joint effort, Senator Cynthia Lummis (R-Wyoming) and Representative French Hill (R-Arkansas) have called on the Department of Justice (DOJ) to swiftly conclude its investigations and decide whether to prosecute cryptocurrency platforms Binance and Tether in connection to their alleged support of terrorist organizations, including Hamas.

U.S. Senator demands criminal charges against Tether, Binance - Cryptopolitan

In a dramatic and unprecedented move, U.S. Senators Cyntia Lummis and French Hill are calling for the Department of Justice (DOJ) to launch a full-blown investigation and press criminal charges against cryptocurrency giants Binance and Tether.

Bitcoin Bitcoin
37708.7000 -0.35%
Ethereum Ethereum
2051.50000 1.16%
227.628000 0.11%
0.60624500 -0.49%
Solana Solana
59.2249000 -0.06%