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Historic Operation by Tether in Turkey! Over $500 Million in Assets Frozen
Tether, the world's largest stablecoin issuer, has frozen over $500 million in digital assets linked to illegal betting and money laundering networks in Turkey, marking one of the largest operations in crypto history. The company has shifted the industry dynamics with its new role in collaborating with global law enforcement agencies.
In a nationwide investigation into illegal betting and money laundering in Turkey, Tether, the world's largest stablecoin issuer, has carried out one of the largest asset freezing operations seen in the crypto sector to date. The frozen funds are reported to be connected to a large-scale illegal betting and money laundering network managed by Turkish prosecutors.