Tether Freezes Cryptocurrency Linked to ‘Terrorism and Warfare’ in Israel and Ukraine


Summary: Stablecoin issuer Tether has taken action by freezing 32 cryptocurrency wallet addresses containing a total of $873,118, which it claims are connected to activities related to ‘terrorism and warfare’ in Israel and Ukraine.

Tether, a leading stablecoin issuer, announced on Monday that it has frozen a significant amount of cryptocurrency held in 32 wallet addresses. The total value of the frozen funds amounts to $873,118. According to Tether, these addresses are connected to activities involving ‘terrorism and warfare’ in Israel and Ukraine. However, the company did not disclose specific information about the owners of the addresses or the timeframe of the freezing. It also did not provide a breakdown of how much of the funds were related to Ukraine or Israel.

Cryptocurrency wallet addresses are alphanumeric codes that serve as unique identifiers for sending and receiving digital tokens. Tether confirmed that it is collaborating with Israel’s National Bureau for Counter Terror Financing in its efforts to combat cryptocurrency-funded terrorism and warfare. The company, however, did not reveal any further details regarding this partnership. The National Bureau for Counter Terror Financing has not yet responded to requests for comment.

Last week, Israel announced that it had taken action to freeze cryptocurrency accounts used for soliciting donations to Hamas, a Palestinian militant group, through social media platforms.

Tags: Tether, cryptocurrency, terrorism, warfare, Israel, Ukraine, stablecoin, wallet addresses, counter terrorism, Hamas