Thepaypers Tether Freezes $4.2 Billion in USDT Due to Illicit Activities
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Tether has frozen approximately $4.2 billion in USDT linked to illicit activities, with around $3.5 billion frozen since 2023. This action follows a recent freeze of over $500 million related to an illegal gambling and money laundering operation in Turkey, as well as nearly $61 million tied to 'pig-butchering' scams. The enforcement actions indicate a significant increase in Tether's response to illicit use of its stablecoin.
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Updated 193d ago How this analysis works
Timeline
2023-01-01
Approximately $3.5 billion frozen since 2023
2026-02-15
Tether froze over $500 million linked to illegal activities in Turkey
2026-03-01
Tether froze nearly $61 million tied to 'pig-butchering' scams
2026-03-02
Tether confirms total freeze of $4.2 billion in USDT
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