Tether freezes 32 addresses related to terrorism in Israel and Ukraine
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Tether, the issuer of the world’s largest stablecoin USDT, said it froze 32 cryptocurrency addresses related to terrorism and warfare in Israel and Ukraine.
See related article: Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict
Fast Fact
- The 32 addresses contained a total of US$873,118 in USDT, Tether said on Monday.
- “Cryptocurrency is a powerful tool, but it is not a tool for crime,” said Paolo Ardoino, the newly appointed chief executive officer of Tether. “Contrary to popular belief, cryptocurrency transactions are not anonymous; they are the most traceable and trackable assets.”
- Tether estimated that it froze a total of US$835 million worth of funds associated with hacks, across 19 jurisdictions worldwide.
- Israel declared war on Hamas on Oct. 7 after the Gaza-based Palestinian militant group carried out an attack in Israel, prompting a retaliation airstrike in Gaza.
- Israeli crypto firms launched an emergency crypto fund on Oct. 9, to aid war-stricken citizens. On Oct. 10, The Israel Police said it froze crypto accounts allegedly used by the Gaza-based Palestinian militant group Hamas.
- Crypto acted as a source of fundraising in the ongoing Russo-Ukraininan war for both sides.
See related article: Digital frontiers: Alex Tapscott on Web3, AI, and banking’s new dance
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$ 87.51K
+1.51%
$ 0.99958
+0.01%
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In This News
Coins
$ 87.51K
+1.51%$ 0.99958
+0.01%$ 0.000269
$ 1.06
Share:
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This $4.3M crypto home invasion shows how a single data leak can put anyone’s wallet — and safety — at risk
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Tether freezes 32 addresses related to terrorism in Israel and Ukraine
Share:
Tether, the issuer of the world’s largest stablecoin USDT, said it froze 32 cryptocurrency addresses related to terrorism and warfare in Israel and Ukraine.
See related article: Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict
Fast Fact
- The 32 addresses contained a total of US$873,118 in USDT, Tether said on Monday.
- “Cryptocurrency is a powerful tool, but it is not a tool for crime,” said Paolo Ardoino, the newly appointed chief executive officer of Tether. “Contrary to popular belief, cryptocurrency transactions are not anonymous; they are the most traceable and trackable assets.”
- Tether estimated that it froze a total of US$835 million worth of funds associated with hacks, across 19 jurisdictions worldwide.
- Israel declared war on Hamas on Oct. 7 after the Gaza-based Palestinian militant group carried out an attack in Israel, prompting a retaliation airstrike in Gaza.
- Israeli crypto firms launched an emergency crypto fund on Oct. 9, to aid war-stricken citizens. On Oct. 10, The Israel Police said it froze crypto accounts allegedly used by the Gaza-based Palestinian militant group Hamas.
- Crypto acted as a source of fundraising in the ongoing Russo-Ukraininan war for both sides.
See related article: Digital frontiers: Alex Tapscott on Web3, AI, and banking’s new dance
In This News
Coins
$ 87.51K
+1.51%$ 0.99958
+0.01%$ 0.000269
$ 1.06
Share:
In This News
Coins
$ 87.51K
+1.51%$ 0.99958
+0.01%$ 0.000269
$ 1.06
Share:
Read More
This $4.3M crypto home invasion shows how a single data leak can put anyone’s wallet — and safety — at risk