Tether also stated that it is working with the NBCTF in Israel to counter cryptocurrency-financed terrorism and war.
“Tether, the world's largest cryptocurrency company, continues to take swift action against the illegal use of its stablecoin to finance terrorism and crime-related activities. At this point, Tether has been linked to illegal activities in Israel and Ukraine,” Tether said in a statement. “He froze 32 addresses containing $873,118.34,” he said.
Tether CEO Paolo Ardoino made the following statements in his statement on the subject:
“Cryptocurrency is a powerful tool, but it is not and should not be a tool for crime.
Contrary to popular belief, cryptocurrency transactions are not anonymous; these are the most traceable and traceable assets. Every transaction is recorded on the blockchain, making it possible for anyone to track the movement of funds.
As a result, criminals foolish enough to use cryptocurrencies in illegal activities will inevitably be detected.
Tether remains committed to promoting the responsible use of blockchain technology and being a strong defense against cybercrime.
“We look forward to continued collaboration with global law enforcement as part of our commitment to global security and financial integrity.”
*This is not investment advice.
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