Tether rarely minded law enforcement, now it suddenly does
Tether claims that it has voluntarily frozen 161 sanctioned USDT addresses as part of a new policy introduced to help it work with regulators and law enforcement agencies. Specifically, it’s complying with the sanctions list of Specially Designated Nationals (SDNs) drawn up by the Office of Foreign Assets Control (OFAC). It’s also going along with a number of other law enforcement seizure requests. However, skeptics doubt that its new policy is voluntary given that a few weeks prior to the action, US Secret Service and FBI agents began surveilling the firm. Regardless of whether the decision to comply with sanctions was voluntary or by decree, it might be a step in a positive direction. Of Tether’s 161 freezes, only 11 wallets held a non-negligible quantity of USDT . It claimed that freezing the 150 OFAC-sanctioned wallets with negligible balances served as “additional precautionary measures.” Tether gives FBI peek behind the curtain Read more: Tether timeline: Th...