Tether's recent freeze of $1.6 million linked to Gaza-based wallets underscores its role in combating illicit financial activities as part of a broader DOJ initiative.
Tether has frozen $1.6 million in USDT connected to wallets used by a Gaza-based money transfer network amid a DOJ enforcement action. This move is part of a larger civil forfeiture case involving around $2 million in crypto allegedly used to fund terrorism. Tether has now frozen over $2.9 billion in USDT tied to illicit activities and aims to expand its regulatory compliance in the U.S. market with a new stablecoin offering under the GENIUS Act.