*๐ฎTether Under Scrutiny: US Department of Justice Investigation ๐จ*
The US Department of Justice is probing Tether for potential involvement in criminal funding, including terrorism and sanctions evasion, via USDT ๐. If proven, Tether may face US market restrictions.
*Tether's Response ๐*
Tether dismisses allegations, citing unverified claims and overlooked preventive measures against misuse ๐ก๏ธ. The company emphasizes combating illicit activities and supporting global law enforcement.
*Preventive Measures ๐*
Tether implements:
1. Chainalysis collaboration for secondary market monitoring
2. Law enforcement assistance
3. Robust KYC/AML protocols
4. Suspicious account freezing
*Cooperation with Law Enforcement ๐ต๏ธโโ๏ธ*
Tether aids:
1. US Department of Justice in freezing 225M USDT tokens
2. Seizing $5M USDT stolen through fraud
3. Recovering $1.4M stolen funds
*Market Impact ๐*
Investors watch closely as Tether's US presence hangs in balance.
*Conclusion ๐*
Tether's proactive stance and cooperation are crucial in this investigation. The outcome will significantly impact Tether's future.
