All by tag: Tether

The Digital Crime Task Force will look for suspicious transfers on the Tron network and help police freeze funds before they are moved out.

A financial system is already up and running on public blockchains, with loans, analogues of U.S. Treasuries, and automated capital markets. More than $551 billion has flowed through DeFi protocols — but most of that activity has nothing to do with the real economy and everything to do with the speculative build-up of risk.

International task force T3 FCU says it has frozen more than $450 million tied to crypto-related crime. Its investigations have involved kidnappings, terrorism financing, exchange hacks, and organized criminal networks.

The U.S. has frozen over $344 million in cryptocurrency tied to Iran’s Central Bank. The funds were held in largely inactive wallets that appeared to function as reserve storage.

The funds may be tied to sanctions evasion, cybercrime, or a large-scale money laundering operation. It shows that even in crypto, major transactions can be stopped quickly.

The move is part of tighter enforcement of international sanctions.

“Pig butchering” scams rely on Tron thanks to near-zero fees and transaction speeds of about 3 seconds. This allows criminals to move stolen funds through dozens of wallets before the victim even realizes the money is gone

Iranian authorities turned to the popular stablecoin USDT to bypass international sanctions and stabilize the country’s national currency.

The move was part of a coordinated operation involving US law enforcement agencies

What is the status of USDT stablecoins involved in criminal activity? And how does Tether combat the illegal circulation of its coins? We explain in this article

The company confirmed that it had reached an agreement to settle the high-profile bankruptcy case

Fasset has announced that it has received a provisional license from the Malaysian regulator Labuan FSA to launch the world’s first Islamic digital bank based on stablecoins