Tether has taken significant steps in the past year to combat financial crimes, collaborating with various domestic and international authorities. According to the conclusions drawn in the analytical report, the company's recent enforcement actions highlight its proactive approach in addressing issues related to money laundering and terror financing.
US Department of Justice Initiates Civil Forfeiture Action
On July 22, 2025, the US Department of Justice initiated a civil forfeiture action against Buy Cash Money and Money Transfer Company, resulting in the freezing and reissuing of $16 million in USDT. This action was reportedly linked to terror financing activities originating from Gaza, showcasing Tether's involvement in serious financial crime investigations.
Brazilian Authorities Block Money-Laundering Operation
In June 2025, Brazilian authorities recognized Tether's crucial role in blocking 32 million Brazilian reais (approximately $62 million) that were connected to a cross-border money-laundering operation. This collaboration further emphasizes Tether's commitment to working with law enforcement to prevent illicit financial activities.
Tether Partners with DOJ and OKX on Civil Forfeiture Complaint
Additionally, Tether partnered with the Department of Justice and Seychelles-based crypto exchange OKX to support a civil forfeiture complaint aimed at seizing around $225 million in USDT associated with pig-butchering fraud schemes. The US Secret Service also froze $23 million in USDT linked to transactions on Garantex, a Russian exchange currently under sanctions.
Tether's Commitment to Fighting Financial Crimes
These actions collectively illustrate Tether's dedication to fighting financial crimes on a global scale.
Tether recently announced the discontinuation of support for its CNH stablecoin due to low market demand, a strategic shift that contrasts with its recent efforts to combat financial crimes. For more details, see read more.
