The efforts of Tether, the largest issuer of stablecoin in the crypto market, continue as it announced yesterday via a blog post that it has blocked the flow of 873,000 USDT earmarked for financing terrorist activities for the wars in Ukraine and Israel.
After last week’s news that featured cryptocurrency exchange Binance and its work alongside Israeli police to freeze several Hamas-linked accounts, now it is Tether’s turn.
In an operation that was “technically” simple, but concretely complex due to the large number of searches and monitoring that the stablecoin provider and its team had to endure, as many as 32 addresses were blocked, all of which were involved in illicit activities within the Ukrainian borders and the Holy Land.
See all the details below.
Tether freezes $873,000 in stablecoins at 32 addresses linked to terrorist activities in Ukraine and Israel
Yesterday, Tether, the largest stablecoin provider in the crypto market with over $68 billion in managed value, ann
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