CandleFocus Tether helps Canadian police recover stolen crypto
2024-11-08
Author: Content Editor
Summary: Tether, a leading cryptocurrency, assisted the Ontario Provincial Police (OPP) in recovering $10,000 CAD worth of stolen cryptocurrency. The collaboration between Tether and OPP's Cyber Investigations Team resulted in freezing the Tether (USDT) involved in the theft and returning the digital assets to their rightful owner. Tether has positioned itself as a supporter of law enforcement in combating cybercrime and claims to have aided numerous law enforcement agencies internationally. Additionally, Tether announced a funding transaction in a Middle East crude oil investment, showcasing the company's diversification beyond crypto. Tether denied reports of being under investigation for anti-money-laundering and sanctions law violations by Manhattan prosecutors and the U.S. Treasury Department. The CEO dismissed these claims, referring to them as "old noise".
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