🚨Breaking News: Tether freezes a whopping $225M of its own stablecoin after a US Department of Justice investigation into a human trafficking syndicate in Southeast Asia! 😱 This marks the largest-ever stablecoin freeze, according to a press release.

The criminal syndicate is linked to the "pig butchery" scam, which the FBI says cost US citizens $3.3B last year. The frozen tokens were stored in self-custodied wallets and did not belong to Tether customers.

Tether's CEO, Paolo Ardoino, says the company aims to set a new security standard in the crypto space through proactive engagement with global law enforcement agencies and commitment to transparency. 🌐

Last month, Tether also froze 32 crypto addresses linked to terrorism and war in Ukraine and Israel.

What are your thoughts on Tether's actions? Share your opinions in the comments below! 👇