Tether Assists U.S. Authorities in Freezing $1.6 Million USDT Linked to Terror Financing

According to PANews, Tether has announced its collaboration with U.S. authorities to freeze and reissue approximately $1.6 million in USDT. These funds are associated with the Gaza-based company BuyCash and are suspected of being linked to terror financing. This action is part of a civil forfeiture case by the U.S. Department of Justice involving around $2 million in digital assets. Tether has stated that it has frozen over $2.9 billion in USDT and has worked with 275 law enforcement agencies across 59 jurisdictions. The company has pledged to continue supporting global law enforcement efforts to combat illegal activities.