{"id":87281,"date":"2023-11-20T18:49:30","date_gmt":"2023-11-20T16:49:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87281"},"modified":"2025-09-13T10:49:24","modified_gmt":"2025-09-13T07:49:24","slug":"tether-freezes-225-million-in-usdt-linked-to-a-criminal-syndicate","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tether-freezes-225-million-in-usdt-linked-to-a-criminal-syndicate\/","title":{"rendered":"Tether freezes $225 million in USDT linked to a criminal syndicate"},"content":{"rendered":"<p>The issuer of the <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-stablecoins\">stablecoin<\/a> USDT, Tether, blocked around $225 million in USDT as part of cooperation with the U.S. Department of Justice, the cryptocurrency exchange OKX, and analytics firm Chainalysis.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Following Investigations by Tether, OKX, and the U.S. Department of Justice, Tether Voluntarily Freezes 225M in Stolen USDT Linked to International Crime Syndicate <a href=\"https:\/\/t.co\/yrofwNtK5s\">https:\/\/t.co\/yrofwNtK5s<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a href=\"https:\/\/twitter.com\/Tether_to\/status\/1726598805242462392?ref_src=twsrc%5Etfw\">November 20, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the press release, the funds are linked to an international criminal syndicate involved in human trafficking in Southeast Asia. The amount of frozen USDT at Tether was described as the largest in history.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cDuring a multi-month investigation conducted by Tether and OKX, U.S. law enforcement agencies, including the Department of Justice, were pre-warned about the location of illicit funds through blockchain analysis. These actions led to a freeze request by the U.S. Secret Service and subsequent voluntary freezing by Tether,\u201d the company said.<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/paolo-ardoino-named-new-ceo-of-tether\">Appointed as CEO<\/a> of the issuer, Paolo Ardoino, described the work as \u201cimpressive\u201d.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Impressive work by <a href=\"https:\/\/twitter.com\/Tether_to?ref_src=twsrc%5Etfw\">@Tether_to<\/a> and <a href=\"https:\/\/twitter.com\/okx?ref_src=twsrc%5Etfw\">@okx<\/a> teams, alongside with Law Enforcement to stop bad guys? <a href=\"https:\/\/t.co\/P0U8ydP91x\">https:\/\/t.co\/P0U8ydP91x<\/a><\/p>\n<p>\u2014 Paolo Ardoino ?(@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1726599790589530142?ref_src=twsrc%5Etfw\">November 20, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe believe in the necessity of using technologies and networks, such as our collaboration with OKX, to actively counter illicit activity and uphold the highest standards of integrity in the industry,\u201d added Ardoino.<\/p>\n<\/blockquote>\n<p>Earlier, Tether froze <a href=\"https:\/\/u1f987.com\/en\/news\/circle-and-tether-freeze-assets-withdrawn-from-multichain-worth-65-million\">more than $2.5 million USDT<\/a> withdrawn from the <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-cross-chain-bridges\">cross-chain protocol<\/a> Multichain. In September the issuer <a href=\"https:\/\/u1f987.com\/en\/news\/tether-froze-1-4m-of-the-2-7m-stolen-from-the-remitano-exchange\">blocked $1.4 million<\/a> of the $2.7 million stolen from the Remitano exchange.<\/p>\n<p>In October, a similar procedure targeted <a href=\"https:\/\/u1f987.com\/en\/news\/tether-freezes-addresses-linked-to-conflicts-in-israel-and-ukraine\">32 addresses totaling $873,118.34<\/a> due to links to conflicts in Israel and Ukraine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The issuer of the stablecoin USDT, Tether, blocked around $225 million in USDT in cooperation with the U.S. Department of Justice, the cryptocurrency exchange OKX, and analytics firm Chainalysis.<\/p>\n","protected":false},"author":1,"featured_media":87282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1412,36,1245],"class_list":["post-87281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bans-and-restrictions","tag-regulation","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87281","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=87281"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87281\/revisions"}],"predecessor-version":[{"id":87283,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87281\/revisions\/87283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/87282"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}