Tether's enhanced collaboration with INHOPE aims to thwart the misuse of crypto in child exploitation networks, freezing $225 million linked to illicit activities.
Tether has announced an expanded partnership with INHOPE to combat child exploitation through the use of blockchain technology. The company has frozen $225 million in USDT associated with human trafficking and romance scams, bringing its total blocked amount to $2.7 billion. This initiative aims to enhance monitoring of suspicious transactions and improve coordination with law enforcement and exchanges to prevent the misuse of digital assets in CSAM-related activities.