Tether has taken the significant step of freezing $344 million in USDT from two wallets that have been linked to illegal activities, acting on a request from U.S. authorities.
According to a company statement, this action was prompted by information provided by U.S. officials. Tether noted that such responses to legitimate government requests have become routine.
The freezing process involved coordination with the U.S. Department of the Treasury's Office of Foreign Assets Control, highlighting Tether's commitment to compliance with regulatory demands.
Tether's CEO, Paolo Ardoino, asserted that "USDT is not a safe haven for illegal activities," reinforcing the company's stance on financial integrity.
This isn't Tether's first collaboration with U.S. law enforcement; earlier this year, the company received acknowledgment from the Department of Justice for aiding in the disruption of a large-scale scam, resulting in the seizure of nearly $61 million.
