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Tether assists US authorities in freezing $1.6 million related to terrorist financing.
According to a report by Jinse Finance, Tether announced on its official website that it is assisting U.S. authorities in freezing and reissuing approximately 1.6 million USDT, which are related to the Gaza financial network BuyCash, involved in terrorist financing activities. This action is part of a larger civil forfeiture case by the U.S. Department of Justice. So far, Tether has frozen over 5,000 Wallets, assisting more than 275 law enforcement agencies worldwide in seizing over 2.9 billion USDT. Recently, Tether also assisted Brazilian authorities in freezing 6.2 million USD and helped the U.S. Department of Justice seize 225 million USDT.