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Home»ADOPTION NEWS»Tether: We’ve added the FBI and Secret Service to our platform.
ADOPTION NEWS

Tether: We’ve added the FBI and Secret Service to our platform.

By Crypto FlexsDecember 16, 20232 Mins Read
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Tether: We’ve added the FBI and Secret Service to our platform.
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Posted 1 minute ago In ~

The company behind Tether USDT

-0.13%
Stablecoin released a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House of Representatives Committee on Financial Services outlining its “commitment to security and close partnership with law enforcement.”

In a recent letter, Tether CEO Paolo Ardoino, who recently took over the reins of the company, highlighted Tether’s recent decision to deactivate Tether tokens in all wallets on the Office of Foreign Assets Control (OFAC) sanctions list. Tether claims to have helped the Department of Justice, the U.S. Secret Service, and the Federal Bureau of Investigation (FBI) freeze 326 wallets managing 435 million USDT to date, although the latest frozen wallet contains much less than that amount. It appears that a token is included.

Ardoino also announced that Tether “recently welcomed the U.S. Secret Service onto our platform and is working on doing the same” for the FBI.

The letter was addressed to Senator Cynthia Lummis, a known cryptocurrency-friendly figure in the Senate, and was also sent to the chair and ranking members of the aforementioned committee.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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