Tether, the stablecoin issuer, has announced that it has frozen $835 million in assets linked to criminal activities, including theft and other illicit actions. The company has cooperated with 31 law enforcement agencies across 19 jurisdictions to assist in investigations. Tether recently froze 32 addresses containing $873,118.34 that were connected to illicit activities in Israel and Ukraine, working alongside the National Bureau for Counter-Terror Financing of Israel. Despite representing a small fraction of the global cost of cybercrime, Tether believes that its ability to freeze and return stolen funds demonstrates the security and innovative capabilities of blockchain technology in the financial system. The company aims to combat the criminal use of cryptocurrency while highlighting that transactions are traceable and trackable on the blockchain. Tether has previously frozen millions of USDT linked to malicious entities and recently appointed Paolo Ardoino as its CEO. The stablecoin giant has also made a strategic investment in German-listed Bitcoin miner Northern Data Group.