Tether Assists US Authorities in Freezing $1.6 Million Linked to Terrorism Financing

According to an official announcement, Tether has assisted U.S. authorities in freezing and reissuing approximately $1.6 million USDT linked to the Gaza-based financial network BuyCash, which is involved in terrorist financing activities. This action is part of a larger civil forfeiture case by the U.S. Department of Justice. To date, Tether has frozen more than 5,000 wallets and assisted over 275 law enforcement agencies worldwide in seizing more than $2.9 billion USDT. Recently, Tether also helped Brazilian authorities freeze $6.2 million and assisted the U.S. Department of Justice in seizing $225 million USDT.