Tether Freezes $4.2 Billion in USDT Due to Illicit Activities

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.