#Tether Invests in #Blockchain Analytics Firm To Combat Crime


$USDT issuer Tether has made a strategic investment in blockchain analytics firm Crystal Intelligence to strengthen efforts against crypto-related crime.


The investment provides Tether direct access to Crystal's real-time risk monitoring, fraud detection, and regulatory intelligence tools.


Crystal has collaborated with Tether to build #Scam Alert, a public database that flags wallet addresses tied to scams.


Crypto-related fraud reached $9.3 billion in 2024 according to the FBI, representing a 66% increase from the previous year.


Tether has already assisted over 255 law enforcement agencies across 55 jurisdictions and frozen more than $2.7 billion worth of stablecoins linked to criminal activity.


"This strategic investment will strengthen our capacity to collaborate more effectively," said Tether CEO Paolo Ardoino.


The move addresses concerns about $USDT being frequently used in illicit transactions due to its high #liquidity in global markets.

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July 08, 2025 at 4:54 PM
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