Tether Assists Turkey in Freezing $544 Million in Illegal Crypto Assets

Odaily News Tether has frozen over $544 million in crypto assets at Turkey's request, with the funds linked to a suspected illegal online gambling and money laundering network. Data from analytics firm Elliptic shows that by the end of 2025, Tether and Circle had blacklisted approximately 5,700 wallets, freezing a total of about $2.5 billion, of which roughly two-thirds were USDT. Tether CEO Paolo Ardoino stated that the company took freezing action based on information provided by law enforcement, in accordance with the law. This cooperation is part of Tether's global compliance efforts, and the company has previously collaborated with agencies such as the U.S. Department of Justice and the FBI. (Cointelegraph)