DigitalMoneyBox Signal Desk
DigitalMoneyBox Crypto market intelligence
Browse sections
Cryptocurrency Cryptonews

Major Stablecoin Issuer Tether Freezes $870,000 Linked to Criminal Activities in Israel and Ukraine

The largest stablecoin issuer, Tether, has announced the freezing of 32 addresses associated with criminal funds related to incidents in Israel and Ukraine, amounting to $870,000. On October 16, Tether stated that they h...

38 /100
Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Major Stablecoin Issuer Tether Freezes $870,000 Linked to Criminal Activities in Israel and Ukraine
The largest stablecoin issuer, Tether, has announced the freezing of 32 addresses associated with criminal funds related to incidents in Israel and Ukraine, amounting to $870,000.
On October 16, Tether stated that they had been working with the Israeli crime control authority, NBCTF, to counter cryptocurrency-funded terrorism and warfare. Tether says that it is collaborating with 31 countries to freeze criminal finances, with a total of $835 million in assets frozen to date. ...
Read More: Major Stablecoin Issuer Tether Freezes $870,000 Linked to Criminal Activities in Israel and Ukraine

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cryptonews

Related market context