Illegal operation using crypto. Who would have guessed?
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tldr; Tether, the issuer of the USDT stablecoin, froze over $500 million in digital assets linked to an illegal gambling and money-laundering syndicate in Turkey. The assets were reportedly tied to Veysel Sahin, accused of running the network. This marks one of the largest asset seizures in the cryptocurrency sector. Tether’s CEO, Paolo Ardoino, highlighted the company’s cooperation with law enforcement, reflecting its shift towards transparency and regulatory compliance. Tether has also frozen over $3 billion in assets since its inception.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Illegal operation using crypto. Who would have guessed?
tldr; Tether, the issuer of the USDT stablecoin, froze over $500 million in digital assets linked to an illegal gambling and money-laundering syndicate in Turkey. The assets were reportedly tied to Veysel Sahin, accused of running the network. This marks one of the largest asset seizures in the cryptocurrency sector. Tether’s CEO, Paolo Ardoino, highlighted the company’s cooperation with law enforcement, reflecting its shift towards transparency and regulatory compliance. Tether has also frozen over $3 billion in assets since its inception.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.