Tether helped recover over $108 million involved in criminal schemes

Tether’s contribution to fighting financial crimes

Tether, known for its stable cryptocurrency USDT, has announced a significant achievement in combating financial crimes. Since its launch in 2014, the company has helped law enforcement agencies recover $108.8 million linked to illegal activities through joint efforts with over 145 agencies across 40 countries.

Preventing misuse of USDT and other digital assets

Despite being one of the most popular cryptocurrencies globally, USDT can also be used for illegal purposes. Tether actively collaborates with authorities to prevent and investigate crimes related to cryptocurrencies, blocking over 1900 criminal wallets and assisting in the arrest of individuals involved in fraudulent schemes.

CEO’s firm stance against criminal activities

Tether’s CEO Paolo Ardoino strongly condemns the use of USDT for criminal purposes and pledges continued support to law enforcement agencies. The company plans to double its workforce by mid-2025 to enhance compliance and financial management efforts, ensuring more effective counteraction to illegal activities in the cryptocurrency sector.