Tether Takes a Stand Against Phishing Scams: $5.2M in USDT Frozen.

In a bold move to combat illicit activities, Tether has frozen $5.2 million worth of USDT linked to phishing schemes. The funds, distributed across 12 Ethereum wallets, were flagged by blockchain tracking platform MisTrack subsequently banned by Tether. This proactive measure demonstrates Tether's commitment to preserving the integrity and security of the network.

This isn't the first time Tether has taken action against illicit activities. In March 2024, the company partnered with the US Department of Justice and the FBI to seize $1.4 million worth of USDT from a tech support scam network. Tether's efforts to combat money laundering and phishing scams are a testament to its dedication to maintaining a safe and secure cryptocurrency environment.

By taking a stand against illicit activities, Tether is setting a new standard for the industry.