{"id":16378,"date":"2024-08-25T13:56:54","date_gmt":"2024-08-25T10:56:54","guid":{"rendered":"https:\/\/forklog.com\/en\/tether-aids-law-enforcement-in-recovering-108-million-in-usdt-since-2014\/"},"modified":"2024-08-25T13:56:54","modified_gmt":"2024-08-25T10:56:54","slug":"tether-aids-law-enforcement-in-recovering-108-million-in-usdt-since-2014","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tether-aids-law-enforcement-in-recovering-108-million-in-usdt-since-2014\/","title":{"rendered":"Tether Aids Law Enforcement in Recovering $108 Million in USDT Since 2014"},"content":{"rendered":"<p>Tether has assisted 145 law enforcement agencies across 40 jurisdictions in recovering over $108.8 million in USDT since its inception in 2014. This was <a href=\"https:\/\/tether.io\/news\/tether-proactively-assists-u-s-doj-in-criminal-investigation-and-victim-recovery\/\">reported<\/a> in the stablecoin issuer&#8217;s blog.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cTether&#8217;s proactive approach to assisting law enforcement underscores its commitment to transparency and accountability in the crypto industry,\u201d the company stated.<\/cite><\/p><\/blockquote>\n<p>According to the announcement, the USDT issuer has also \u201cvoluntarily\u201d blocked over 1900 wallets linked to illegal activities to aid law enforcement globally.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cWe unequivocally condemn the misuse of USDT or any cryptocurrency for criminal activities. We are fully committed to our ongoing collaborative efforts with law enforcement to combat fraud,\u201d said Tether CEO Paolo Ardoino.<\/cite><\/p><\/blockquote>\n<p>The main focus of the company&#8217;s publication was not statistics, but its assistance to the U.S. Department of Justice in the <a href=\"https:\/\/www.justice.gov\/usao-ednc\/pr\/investment-fraud-disrupted-seizure-5-million-cryptocurrency\">seizure<\/a> of 5 million USDT from fraudsters involved in a <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%97%D0%B0%D0%B1%D0%BE%D0%B9_%D1%81%D0%B2%D0%B8%D0%BD%D0%B5%D0%B9_(%D0%BC%D0%BE%D1%88%D0%B5%D0%BD%D0%BD%D0%B8%D1%87%D0%B5%D1%81%D1%82%D0%B2%D0%BE)\">\u201cpig butchering\u201d<\/a> scheme. The company stated that it froze several wallets and assisted the <span data-descr=\"Federal Bureau of Investigation\" class=\"old_tooltip\">FBI<\/span> with asset confiscation.<\/p>\n<p>Earlier, Tether&#8217;s net profit reached a record $5.2 billion for the January-June period.<\/p>\n<p>In August, the company announced plans to develop a stablecoin pegged to the United Arab Emirates&#8217; dirham.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether has assisted 145 law enforcement agencies across 40 jurisdictions in recovering over $108.8 million in USDT since its inception in 2014. This was reported in the stablecoin issuer&#8217;s blog. \u201cTether&#8217;s proactive approach to assisting law enforcement underscores its commitment to transparency and accountability in the crypto industry,\u201d the company stated. According to the announcement, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,1245],"class_list":["post-16378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16378"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16377"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}