Crypto news reports that, according to Reuters, stablecoin issuer Tether has frozen approximately 4.2 billion USDT related to "illegal activities," of which about 3.5 billion have been frozen since 2023. Currently, Tether's circulating supply has exceeded $180 billion, a significant increase from $70 billion three years ago. This week, Tether assisted the U.S. Department of Justice in freezing nearly 61 million USDT involved in "pig-butchering" scams. Additionally, Tether has previously blocked wallet addresses linked to human trafficking, terrorism, and the sanctioned Russian exchange Garantex. According to blockchain researchers, last year, the amount of cryptocurrency received by money laundering criminals reached at least $82 billion.
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Crypto news reports that, according to Reuters, stablecoin issuer Tether has frozen approximately 4.2 billion USDT related to "illegal activities," of which about 3.5 billion have been frozen since 2023. Currently, Tether's circulating supply has exceeded $180 billion, a significant increase from $70 billion three years ago. This week, Tether assisted the U.S. Department of Justice in freezing nearly 61 million USDT involved in "pig-butchering" scams. Additionally, Tether has previously blocked wallet addresses linked to human trafficking, terrorism, and the sanctioned Russian exchange Garantex. According to blockchain researchers, last year, the amount of cryptocurrency received by money laundering criminals reached at least $82 billion.