Trending Now - Tether Locks $344M in USDT Following Law Enforcement Request
WHO:
Bitcoinist - Tether, a crypto giant, is involved in the operation.
Cointelegraph - The Office of Foreign Assets Control (OFAC) and US law enforcement are the authorities requesting the freeze.
WHAT:
Cointelegraph - The US Department of Justice (DOJ) strike force has restrained $701 million in cryptocurrency as part of an ongoing crackdown on scams.
Bitcoinist - Tether has frozen $344 million in USDT held in two Tron wallets.
Cointelegraph - The freezing of the dollar-pegged tokens is linked to "activity tied to unlawful conduct."
WHERE:
Bitcoinist - The US government is involved in the operation, and the assets are held in Tron wallets.
WHEN:
Bitcoinist - The disclosure by Tether occurred on Thursday, April 21st, 2026.
WHY:
Cointelegraph - The freeze was requested due to alleged unlawful conduct associated with the wallets.
HOW:
Cointelegraph - The DOJ strike force seized a Telegram channel used to recruit unsuspecting job seekers and took down 503 fake cryptocurrency investment websites.
Bitcoinist - Tether supported the US government in the freezing operation following the request from OFAC and law enforcement.
(UPDATED April 24, 2026 09:27 UTC)
The US Department of Justice has restrained $701 million in cryptocurrency as part of a major crackdown on scams. This operation included seizing a Telegram channel that was used to recruit unsuspecting job seekers and taking down 503 fake cryptocurrency investment websites. The actions reflect the DOJ's ongoing efforts to combat fraud in the digital currency space.
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(UPDATED April 24, 2026 07:32 UTC)
Tether has frozen $344 million in USDT held in two Tron wallets at the request of the Office of Foreign Assets Control and US law enforcement, citing links to unlawful conduct. This disclosure was made on Tuesday, as Tether cooperated with the US government in the operation. The freezing of these dollar-pegged tokens marks a significant action in the ongoing regulation of cryptocurrency activities.