Tether Freezes $1.6M USDT Linked to Terrorism Financing

The post Tether Freezes $1.6M USDT Linked to Terrorism Financing appeared first on Coinpedia Fintech News

Tether has been recognized by U.S. authorities for freezing $1.6 million in USDT tied to wallets linked to BuyCash, a Gaza-based terrorist financing network. This action supports a wider U.S. DOJ case involving $2 million in digital assets used to fund designated terrorist groups. Over the past year, Tether has blocked more than $2.9 billion in USDT connected to illicit activities and worked with over 275 law enforcement agencies worldwide to combat financial crime.