• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Tether

Tether Teams Up With FBI And Secret Service In Crime-Busting Alliance

Christian Encila
by Christian Encila
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Tether, the company that created the popular stablecoin USDT, has taken the initiative to publicly reveal letters it sent to the US House Financial Services Committee and the US Senate Committee on Banking, Housing, and Urban Affairs in an attempt to reaffirm its commitment to openness and legal compliance.

Tether, which has taken a proactive approach to maintaining the integrity of the cryptocurrency ecosystem, has increased its commitment to fighting the exploitation of its stablecoins in unlawful operations under the direction of Paolo Ardoino, its newly appointed CEO.

Tether Freezes 200 Wallets: Compliance Triumph

As part of a calculated move, the organization implemented a novel wallet-freezing policy that targeted persons on the Specially Designated Nationals list.

Related Reading: These Are The Best Cryptos To Buy Before Christmas – AVAX, ETH, XRP, SOL, BTC

As a result of this audacious move, over 200 wallets were frozen, demonstrating the company’s commitment to upholding compliance and discouraging possible wrongdoers.

This letter is in response to one that was written on November 16 and is addressed to Senator Cynthia M. Lummis and Congressman J. French Hill.

#Tether in #Action. Hiring FBI on its Platform and Freezing of Accounts of users using #Tether for illicit activities!!

1⃣In a recent letter shared with U.S. legislators, Tether’s CEO has elaborated on his methods to prevent unsavory individuals from using the company’s USDT… https://t.co/BuYdq9ggwq pic.twitter.com/XCso56D5IB

— Flip The Chain (@flipthechain) December 16, 2023

The correspondence comes after Lummis and Hill’s first letter to Atty. Gen. Merrick Garland on October 26, in which they expressed their concerns about the possible use of stablecoins for money laundering and terrorist financing, among other illegal purposes.

USDT market cap currently at $90.8 billion on the weekend chart: TradingView.com

Tether claims that it has successfully frozen 326 wallets totaling 435 million USDT to date through cooperation with law enforcement organizations such as the Department of Justice, US Secret Service, and Federal Bureau of Investigation.

Tether Halts Sanctioned Wallets Support

Although the latest set of frozen wallets seems to hold a lower quantity of tokens than the previously indicated amount, Tether emphasizes that it actively supports law enforcement in their efforts to stop illegal activity in the cryptocurrency field.

Ardoino said:

“Tether remains steadfast in its commitment to supporting law enforcement efforts and aiding victims in their recovery. We condemn the misuse of USDT or any cryptocurrency for illicit purposes and are fully committed to collaborating with global law enforcement agencies.”

Tether blocked the wallets of those who were under sanctions from the US Office of Foreign Asset Controls last week. At the time, the company stated that by coordinating with international law enforcement and authorities, it hopes to increase security measures and avoid potential misuse of its tokens.

Related Reading: SafeMoon’s Darkest Hour: Bankruptcy Filing Sends Token Crashing Over 40%

Tether froze 161 Ethereum wallets in total, albeit 150 of these wallets do not currently contain any USDT coins, according to blockchain statistics.

The crypto sector was shadow-cast and set back a few years by money laundering, terrorism financing, and other nefarious activities. It is imperative that Tether collaborates with law enforcement to combat the misuse of its stablecoins.

Featured image from iStock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 1)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 1)

14 minutes ago
Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 1)

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 1)

14 minutes ago
Analyst Says Charts Look ‘So Bearish That They're Bullish,’ as Pepenode Gets the Investors’ Attention

Analyst Says Charts Look ‘So Bearish That They’re Bullish,’ as Pepenode Gets the Investors’ Attention

1 hour ago
Litecoin vs XRP news

Litecoin Slams XRP As ‘Rotten Egg Token’ In Viral X Post

3 hours ago
New Bitcoin Whale Born with a $163M Purchase – Why $HYPER Could Be the Next Big Winner

New Bitcoin Whale Born with a $163M Purchase – Why $HYPER Could Be the Next Big Winner

18 hours ago
Analyst predicts Bitcoin to $10m Bitcoin Hyper gains

Bitcoin Adviser’s Luke Broyles Predicts a $10M Bitcoin, Hyping Up Bitcoin Hyper’s $13M Presale

21 hours ago

Premium Sponsors

Press Releases

  • Cloud Mining

    Can Cloud Mining Earn You $100,000 a Month? The Most...

    15 hours ago
  • ETNCrypto

    Win $100 Free Bonus: ETNCrypto Cloud Mining Launches Daily...

    16 hours ago
  • Ripple ecosystem expands: Gemini launches XRP credit card...

    17 hours ago
  • Trump to Launch WLFI Token on September 1st, DOT Miners...

    17 hours ago
  • XRP Investors Flock to BAY Miner, Earning Daily BTC Returns...

    19 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.