TechFlow News, February 7: In accordance to a Cointelegraph report, stablecoin issuer Tether froze roughly $544 million price of cryptocurrency belongings on the request of Turkish authorities. These belongings are linked to a community suspected of working unlawful on-line playing and cash laundering actions.
Paolo Ardoino, CEO of Tether, confirmed that the corporate complied with a request from the Istanbul Chief Public Prosecutor’s Workplace to seize belongings belonging to Veysel Sahin, who’s accused of operating an unlawful playing platform and participating in cash laundering. This motion types a part of Turkey’s broader investigation into underground playing and fee networks; by means of such investigations, Turkish authorities have seized over $1 billion in belongings.
Tether disclosed that it has assisted regulation enforcement companies in over 1,800 circumstances throughout 62 nations globally, freezing roughly $3.4 billion price of USDT related to suspected illicit actions.
