⛔️ Tether blocked over 5 million USD in 12 cryptocurrency addresses

Morgan Ellis

⛔️ Tether blocked over 5 million USD in 12 cryptocurrency addresses

Experts from the analytical platform MistTrack reported that on May 14, the issuer of the USDT stablecoin continued to block suspicious accounts.

➡️ According to the official version, the reason is the relationship with phishing operations. The specific country is not mentioned..

➡️ ... but there is a detail: Tether has repeatedly stated about its voluntary cooperation with law enforcement authorities and its willingness to comply with orders to block users who are on the sanctions list of the Office of Foreign Assets Control (OFAC).

➡️ Sanctions are not just about Russia🇷🇺. So, in November 2023, Tether reported on the blocking of over 225 million USDT linked to an international criminal syndicate of human trafficking in Southeast Asia. In general, the company is very proud of the fact that since its creation it has actively cooperated with 124 law enforcement agencies in more than 40countries.

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