Asset Freeze in Response to USDOJ’s Request to Combat Terrorism Financing

Tether Freezes $1.6M in USDT Linked to Gaza Terror Network

In a recent move, Tether has taken action against illegal financial activity by freezing and reissuing approximately $1.6 million in USDT (USD-pegged stablecoin) linked to the Gaza-based BuyCash Money and Money Transfer Company. This company has been accused of supporting designated terrorist groups.

The freeze was initiated at the request of the U.S. Department of Justice, as part of a broader civil forfeiture case. The blocked funds were allegedly being used for terrorism financing purposes.

Source: blockonomi.com