Yeliz Akmaca 
Tether has frozen $1.6 million in USDT in coordination with U.S. authorities. The funds were traced to wallets connected to Gaza-based BuyCash, a financial services firm. Authorities confirmed that the assets were used to support terror financing.
The U.S. Department of Justice (DOJ) announced the move as part of a broader civil forfeiture case. In total, $2 million worth of digital assets were linked to funding terrorist organizations. Tether acted swiftly upon receiving alerts from law enforcement, freezing the funds and reissuing them through legal procedures.
Tether’s Fight Against Global Crypto Crime
Over the past year, Tether has collaborated with numerous law enforcement agencies worldwide. For example, in Brazil, Tether froze $6.2 million (R$32 million) related to a money laundering scheme via the Klever Wallet platform.
In June, the U.S. DOJ commended Tether for assisting in the seizure of $225 million in USDT. In March, the company froze $23 million in funds held on Garantex, a Russian exchange under sanctions. It also played a key role in freezing $9 million following the Bybit hack.
As of today, Tether has worked with over 275 law enforcement agencies across 59 countries. It has frozen more than 5,000 wallets—2,800 of them in coordination with U.S. institutions.
Tether Freezes $2.9 Billion in USDT with Full Transparency
Tether has frozen over $2.9 billion in USDT to date. The company actively cooperates with more than 275 enforcement bodies in 59 countries. It uses the OFAC SDN list and national regulations to rapidly block suspicious funds.
CEO Paolo Ardoino emphasized the role of blockchain transparency:
“Blockchain enables Tether to detect misuse in real-time. Unlike traditional systems where illicit flows stay hidden, USDT-based movements are openly traceable.”
Ardoino also reaffirmed Tether’s commitment to supporting law enforcement and ensuring the safety of the digital asset ecosystem. Tether has been involved in seizing $2.5 billion in operations with the U.S. Secret Service and DOJ.
According to an on-chain analysis report published in May 2024, Tether froze $5.2 million related to phishing and fraud schemes and $1.6 million in terror-related transactions.
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