Tether Says Didn’t Freeze Sanctioned Tornado Cash Addresses So As to Not Interfere in Investigations

Tether says that it works closely with global law enforcement agencies to ensure it is compliant, but at this stage has not received any indication from the OFAC or any other relevant agency that it should freeze any secondary market addresses. "Unilaterally freezing secondary market addresses could be a highly disruptive and reckless move by Tether," the firm said in a statement, adding "completing a freeze without the verified instruction of law enforcement and other government agencies might interfere with ongoing and sophisticated law enforcement investigations."
Source

Tether

Stablecoins

Related News
Tether to make $775 million 'strategic investment' in Rumble, shares rally 44.6% Tether to make $775 million 'strategic investment' in Rumble, shares rally 44.6%
Total stablecoin market cap tops $200 billion as onchain lending yields surge Total stablecoin market cap tops $200 billion as onchain lending yields surge
Stacks (STX) makes 30% gain as mainnet upgrade and stablecoin launch approach Stacks (STX) makes 30% gain as mainnet upgrade and stablecoin launch approach
Stablecoin market cap hits new all-time high amid 11 months of growth Stablecoin market cap hits new all-time high amid 11 months of growth
Coinbase will enable 1:1 conversions between the euro and MiCA-compliant stablecoin EURC Coinbase will enable 1:1 conversions between the euro and MiCA-compliant stablecoin EURC
Latest News More More
7 Hours Ago Argentine prosecutor seeks to freeze $110 million in proceeds tied to Libra memecoin scandal: report
7 Hours Ago Mt. Gox moves over $1 billion worth of bitcoin to unmarked address: Arkham
1 Day Ago Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
1 Day Ago Binance Records $3.97B Weekly Inflows
1 Day Ago MEXC Partners With Hacken to Increase Security Standards
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open