April 29, 2024

AndronETalksNews

AndronETalksNews

Crypto firm Tether says it has frozen $225 mln linked to human trafficking

Reuters

By Elizabeth Howcroft
November 20, 202311:56 AM EST

LONDON, Nov 20 (Reuters) – Crypto firm Tether said on Monday that it had frozen $225 million worth of its cryptocurrency which it said had been linked to a human trafficking group in Southeast Asia.

The U.S. Secret Service asked Tether to freeze the tokens during a “months-long investigative effort” by Tether and the crypto exchange OKX, Tether said in a blog post, without giving details about the scope or timescale of the investigation.

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