Tether freezes $344M in USDT tied to sanctions evasion, pig-butchering scams.
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Tether froze over $344M in USDT tied to sanctions evasion and pig-butchering scams, underscoring stablecoins’ role as both crime rails and regulatory choke points.
● Tether says it froze over $344 million in USDT linked to sanctions evasion and criminal networks in coordination with U.S. authorities.
● The move comes alongside U.S. law enforcement seizures of roughly $61 million and $225 million in USDT tied to “pig butchering” scams.
● CEO Paolo Ardoino insists USDT “is by no means a safe haven for illegal activities,” as regulators push stablecoin issuers to harden AML controls.