According to Reuters, stablecoin issuer Tether announced that approximately $4.2 billion USDT has been frozen due to involvement in "illegal activities," with about $3.5 billion frozen since 2023. This week, it also assisted the U.S. Department of Justice in freezing approximately $61 million related to "pig butchering" scams. The current circulation of USDT has exceeded $180 billion. Tether can remotely freeze tokens in user wallets upon law enforcement request.
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According to Reuters, stablecoin issuer Tether announced that approximately $4.2 billion USDT has been frozen due to involvement in "illegal activities," with about $3.5 billion frozen since 2023. This week, it also assisted the U.S. Department of Justice in freezing approximately $61 million related to "pig butchering" scams. The current circulation of USDT has exceeded $180 billion. Tether can remotely freeze tokens in user wallets upon law enforcement request.