Tether Acts on Turkey's Request to Freeze $5.44 Billion in Illicit Crypto Assets

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On February 7, Tether froze over $544 million in cryptocurrency assets at Turkey’s request, targeting funds tied to a suspected illegal online gambling and money laundering network. Analytics firm Elliptic data shows that by the end of 2025, Tether and Circle had blacklisted roughly 5,700 wallets, freezing a total of around $2.5 billion—with roughly two-thirds of that sum held in USDT. Tether Chief Technology Officer Paolo Ardoino noted the company took legal freezing actions after receiving information from law enforcement agencies. This cooperation is part of Tether’s global compliance efforts; the firm has previously collaborated with bodies like the U.S. Department of Justice and the FBI. (Source: Cointelegraph)

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