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Tether, the company behind the world’s largest stablecoin USDT (USDT)He made a strategic investment in Blockchain Analytics Crystal Intelligence in order to increase the efforts to root up a crypto crime by its token.
Investment provides direct access to Crystal tools for real -time risks monitoring, fraud detection and regulatory intelligence, which will strengthen the ability of the company to help global enforcement that monitors suspicious activities, companies said in Tuesday’s press release. Crystal worked together with Tether to build fraudulent warnings, a public database that indicates a wallet of fraud -bound address.
In recent years, crypto fraud and exploitation have increased. In 2024, the Center of Complaints on the Internet Crime FBI recorded Losses of $ 9.3 billion linked to fraud with digital asset, which is 66% increase compared to the previous year.
Crypto Exchange Coinbase and Tether help the US secret service to seize $ 225 million stolen fraud with romantic.
Tether, whose Stablecoin USDT is often used in illegal transactions due to its liquidity, says he has already helped more than 255 coercive bodies in 55 jurisdictions and froze Stabnecoins worth more than $ 2.7 billion related to crime.
“This strategic investment will strengthen our ability to cooperate more effectively and strengthen a clear message: the misuse of USDT and enforcement will find you,” said Tether Paolo Ardoino, CEO of Tether, in a statement.
Read more: The US Secret Service becomes quietly a leading cryptopopopis because digital fraud rises: Bloomberg
