Cryptocurrencies tempt scammers, human traffickers, and other criminals. However, blockchain is transparent. Although only a small portion of global crime is committed with cryptocurrencies, propaganda says the opposite. But what crypto opponents do not know is that crypto crimes are eventually punished.
<h2 style="text-align: justify" id="a-major-crypto-operation">A Major Crypto Operation</h2>
Criminals launder money, buy weapons with dollars, and do many other things. They may want to do the same with cryptocurrencies. However, blockchain is transparent and has more capabilities than the US dollar in tracking criminals. The green dollar does not indicate that it is crime income, but the situation is different with crypto.
<img decoding="async" class="wp-image-278996 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/Tether-ABD-Adalet-Bakanligi.png" alt="" width="727" height="302">
<a href="https://en.coin-turk.com/bitcoin-price-rises-but-theres-another-problem-the-future-of-cryptocurrencies/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Tether</a>, the largest company in the crypto ecosystem, and the leading global crypto exchange and Web3 <a href="https://newslinker.co/category/technology/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">technology</a> company, OKX, have frozen $225 million in cooperation with the US Department of Justice today. The international criminal organization was involved in various areas, including love fraud and human trafficking.
The joint investigation was conducted using tools from blockchain analysis firm Chainalysis, and Tether’s action represents the largest asset freeze in history for <a href="https://en.coin-turk.com/the-transparency-and-punishment-of-crypto-crimes/" data-wpel-link="internal" rel="noopener noreferrer nofollow">USDT</a>.
After months of struggle by Tether and OKX, the criminals were reached. Tether CEO Paolo Ardoino said:
<blockquote>
 “Through proactive interaction with global law enforcement agencies and our commitment to transparency, Tether aims to set a new standard for security in the crypto space. Our recent collaboration with the Department of Justice underscores our commitment to promoting a secure environment. Our collaboration with other companies, such as OKX, will continue to address illegal activities proactively and maintain the highest standards of integrity in the industry.”
</blockquote> Continue Reading: <a href="https://en.coin-turk.com/the-transparency-and-punishment-of-crypto-crimes/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/the-transparency-and-punishment-of-crypto-crimes/</a>

The Transparency and Punishment of Crypto Crimes

Table of Contents

COINTURK NEWS

Other articles published on Nov 20, 2023

Worldcoin Token Swings Amid Altman's Ousting and Replacement

Analis Memprediksi Lonjakan pada Harga XRP, Diprakarsai oleh Investor Whale

A New Era Dawns: Bitcoin Proponent Javier Milei Secures Win In Argentina’s Presidential Contest

Clear Skies: Why Bitcoin Overhead Resistance Is Weak

Stock-to-flow mastermind PlanB outlines key Bitcoin price levels before halving

Analysts forecast Ethereum to hit $3k, whales exploring BTCETF

Join our free newsletter for daily crypto updates!