Tether Freezes $29.62 Million in USDT Tied to Cambodian Huione Group
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Tether froze $29.62 million in USDT on July 13, linked to criminal activities involving the Cambodian Huione Group. Blockchain security firm Bitrace revealed the freeze was due to suspected money laundering and fraud. Despite the freeze, Huione continues to move USDC. This action underscores Tether's commitment to maintaining its stablecoin's integrity amid rising regulatory scrutiny. Although Tether has previously taken similar actions, it still faces criticism over its tokens being used for criminal purposes.
Source: beincrypto.com ↗
