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Tether Assists Turkey in Freezing Over $544 Million in Illicit Crypto Assets According to Cointelegraph, Tether has frozen over $544 million in crypto assets at the request of Turkey, funds related to suspected illicit online activities. Data from analytics firm Elliptic shows that as of the end of 2025, Tether and Circle had blacklisted approximately 5,700 wallets, freezing a total of about $2.5 billion, of which about two-thirds were USDT. Tether CEO Paolo Ardoino stated that the company took legal action after receiving information from law enforcement, and that this cooperation is part of Tether's global compliance efforts, having previously cooperated with agencies such as the US Department of Justice and the FBI.

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