Stablecoin issuer Tether has frozen 32 cryptocurrency addresses linked to terrorism and warfare in Israel and Ukraine, according to a press release on Monday
Tether said that it has been working with the NBCTF in Israel to counter cryptocurrency-funded terrorism and warfare. The combined value across the 32 frozen addresses equates to $873,118.
“Tether remains committed to promoting responsible blockchain technology use and standing as a robust defense against cybercrime,” said newly-appointed Tether CEO Paolo Ardoino. “We eagerly anticipate continued collaboration with global law enforcement agencies as part of our commitment to global security and financial integrity.”
Tether froze $46 million worth of its USDT stablecoin last November following a law enforcement request in relation to a FTX wallet during the exchange’s collapse.
By freezing a wallet, Tether restricts the “send USDT” function of that wallet, meaning that the owner cannot transfer funds until the freeze is lifted.