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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Stablecoin issuer Tether has taken action against financing terrorism and warfare activities by freezing 32 crypto addresses in Israel and Ukraine. The company, in collaboration with Israel’s National Bureau for Counter Terror Financing, seized over $870,000 worth of USDT. Tether has been working with law enforcement agencies globally and has frozen a total of $835 million in assets related to theft and illicit activities. This move follows Binance’s recent assistance to Israeli authorities in freezing crypto accounts associated with the Palestinian militant group Hamas. Tether CEO Paolo Ardoino emphasized the company’s commitment to responsible blockchain technology use and its stance against cybercrime.