Tether Freezes Over $544 Million in Crypto Assets at Turkey's Request

Tether has frozen more than $544 million in cryptocurrency assets at the request of Turkish authorities, linked to an alleged illegal online gambling and money laundering network. According to Odaily, data from analytics firm Elliptic indicates that by the end of 2025, Tether and Circle will have blacklisted approximately 5,700 wallets, freezing a total of around $2.5 billion, with about two-thirds of the assets being USDT. Tether CEO Paolo Ardoino stated that the company acted upon information provided by law enforcement, adhering to legal procedures as part of Tether's global compliance efforts. Previously, Tether has collaborated with the U.S. Department of Justice and the FBI in similar operations.