Tether Freezes 32 Terrorism-Linked Addresses in Israel and Ukraine: $873,118 Seized

Cryptocurrency issuer Tether has frozen 32 crypto wallet addresses containing a combined $873,118 it said were linked to terrorism and warfare in Israel and Ukraine, according to a media release published Monday. The stablecoin giant Tether (USDT) published a report declaring to have freshly blocked 32 cryptocurrency addresses linked to terrorism and war crimes against. In the press release, Tether revealed freezing 32 addresses containing $873,118.34 that were discovered to have connections to illicit activities in Israel and Ukraine.

Stablecoin issuer Tether has frozen funds in 32 cryptocurrency addresses linked to terrorism and warfare in Israel and Ukraine, according to a Monday press release. 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 combat crypto-funded illicit activities.

The move by Tether underscores the increasing scrutiny and regulatory pressure on cryptocurrency exchanges and stablecoin providers to prevent the financing of illegal activities. Tether has been actively working to enhance its compliance measures and collaborate with law enforcement agencies globally to identify and freeze addresses associated with terrorism and other serious crimes. This latest action demonstrates their commitment to maintaining the integrity of the USDT stablecoin and preventing its use for illicit purposes. The frozen funds, totaling $873,118.34, will remain inaccessible to the implicated parties while investigations continue.