Tether Assists U.S. Authorities in Freezing Terror-Related Funds and Reissuing Approximately $1.6 Million USDT

BlockBeats News, July 24th, Tether announced that it assisted U.S. authorities in freezing and reissuing approximately 1.6 million USDT, which were associated with Gaza-based BuyCash company and suspected of being involved in terrorist financing.

This action is part of a U.S. Department of Justice civil forfeiture case involving approximately $2 million in digital assets. Tether stated that it has frozen over $2.9 billion USDT, collaborated with 275 law enforcement agencies covering 59 jurisdictions, and pledged to continue supporting global law enforcement in combating illicit activities.