Tether Rescues $108.8 Million USDT Stemming from Illicit Activities
Tether's Impact on Illicit Activities
Tether has significantly contributed to the recovery of funds linked to illegal activities, redistributing over $108.8 million USDT since its inception in 2014. By collaborating with more than 145 law enforcement agencies, Tether demonstrates its dedication to promoting a safer financial ecosystem.
Collaboration with Law Enforcement
The stablecoin issuer's efforts exemplify proactive engagement with authorities, aiming to tackle fraud and money laundering in the cryptocurrency sector.
Conclusion on Tether’s Role
Overall, Tether’s continuous actions reveal its commitment to financial integrity. By enabling the recovery of ill-gotten gains, Tether strengthens the credibility of the cryptocurrency market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.