TechFlow news, September 18 — According to an official announcement, Tether, the stablecoin issuer, has made significant progress in regulatory compliance and law enforcement cooperation. Since its inception, Tether has established partnerships with 180 law enforcement agencies across 45 jurisdictions, successfully freezing approximately 1,850 wallet addresses suspected of illegal activities and assisting in the recovery of over $113.8 million in assets. Recently, Tether took decisive action by freezing nearly $5 million worth of stablecoins linked to the North Korean hacker group Lazarus Group. In terms of risk prevention and anti-fraud measures, Tether has cumulatively frozen $1.86 billion in assets associated with fraudulent transactions, effectively curbing illicit financial activities. The company has deployed advanced tools such as Refinitiv World Check, Chainalysis, and TRM Labs to comprehensively monitor customer interactions.
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