Tether Under the Microscope: USDT Security Update
Date: 2024-05-13 Author: Henry Casey Categories: CRYPTO PAYMENTS
Tether CEO, Paolo Ardoino, provided an update on the security of the USDT stablecoin ecosystem. In a post on Twitter, he emphasized the importance of the company's mission in ensuring a secure global financial ecosystem.
Cooperation with law enforcement agencies
Ardoino emphasized the active cooperation of Tether with Ukrainian law enforcement agencies. He also noted that Tether strictly complies with the OFAC and SDN sanctions lists, and also cooperates with international crime-fighting services.
Tether CEO emphasized the effectiveness of the company's internal investigation teams, which, thanks to cooperation with Chainalysis, actively combat fraud and terrorist financing. He also highlighted significant results in blocking funds associated with illegal activities.
Active participation in blocking funds
Ardoino reported that Tether voluntarily participates in blocking funds at the request of law enforcement agencies. He highlighted active cooperation with the United States and emphasized the importance of dialogue with global law enforcement agencies in the fight against financial crimes.
Cooperation with key organizations
CEO Tether also outlined cooperation with Ukrainian law enforcement agencies, the FBI, the US Secret Service and other key structures actively involved in the fight against financial crimes and terrorism.
The USDT stablecoin security update underscored Tether's commitment to security and compliance in the cryptocurrency world. These steps become a key element in developing trust in digital assets in general.
