Tether Voluntarily Freezes 225M in Stolen USDT

[zasad@]

https://tether.to/en/following-investigations-by-tether-okx-and-the-us-department-of-justice-tether-voluntarily-freezes-225m-in-stolen-usdt-linked-to-international-crime-syndicate/
Following Investigations by Tether, OKX, and the U.S. Department of Justice, Tether Voluntarily Freezes 225M in Stolen USDT Linked to International Crime Syndicate
"During a months-long investigative effort by Tether and OKX, U.S. law enforcement agencies, including the DOJ, were proactively alerted to the location of the illicit funds by analyzing the flow of those funds through the blockchain. These actions prompted the initiation of a freeze request by the United States Secret Service and a voluntary freeze by Tether. The frozen wallets are on the secondary market and are not associated with Tether’s customers. To the extent lawful wallets were captured by this operation, Tether will work quickly with law enforcement and the owners of those wallets to unfreeze them, as appropriate."
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This is a huge amount of money. What idiot criminal uses centralized stablecoins and centralized exchanges?

[CRAIC]

It's good that the clients weren't hurt.

Good thing there are other stablecoins

[Nwada001]

This is a huge amount of money. What idiot criminal uses centralized stablecoins and centralized exchanges?

Those who don't know how it works, and I believe not everyone knows how centralised USDT is and how their funds can be frozen in their wallets without knowing it, Many people believe that when they have access to their particular wallet, they are in total control over the assets in that wallet. Not everyone knows that even without authorising the movement of coins to another wallet, the funds can be locked up in that same wallet, and their access to withhold them will be withheld.
 
And talking about centralised exchange, they might probably not know it will happen that quickly for their assets to be frozen in their, or it might be as a result of the owner of such money doesn't even know what to do with it or what token it should be converted to in order not to leave a trace. In cases like this, no one unless those involved can really say the reason why someone who has such funds can't keep their tracks and protect their holdings.

[zasad@]

It's good that the clients weren't hurt.

Good thing there are other stablecoins

How do you know who was hurt? In such cases, it is the respectable clients who bought dirty cryptocurrencies who suffer.

This is a huge amount of money. What idiot criminal uses centralized stablecoins and centralized exchanges?

Those who don't know how it works, and I believe not everyone knows how centralised USDT is and how their funds can be frozen in their wallets without knowing it, Many people believe that when they have access to their particular wallet, they are in total control over the assets in that wallet. Not everyone knows that even without authorising the movement of coins to another wallet, the funds can be locked up in that same wallet, and their access to withhold them will be withheld.
 
And talking about centralised exchange, they might probably not know it will happen that quickly for their assets to be frozen in their, or it might be as a result of the owner of such money doesn't even know what to do with it or what token it should be converted to in order not to leave a trace. In cases like this, no one unless those involved can really say the reason why someone who has such funds can't keep their tracks and protect their holdings.

On centralized exchanges, all deposits over $10,000 are checked very carefully, and criminals could not have been unaware of this. This is already an anti-record and the highest stupidity.
Centralized stablecoins on centralized exchanges. LOL.