Tether Froze Four Point Two Billion Overnight
from Protocol
Tether just announced they've frozen four point two billion dollars in criminal funds—with three point five billion of that happening in just the last three years, right as regulators started circling. The timing is absolutely wild because this massive PR push comes right after they helped seize 61 million tied to pig butchering scams in North Carolina, launched their first US-regulated stablecoin, and their CEO went on a media blitz while their reserve manager just became Commerce Secretary. They're positioning themselves as law enforcement's blockchain best friend while running what's basically a 15 billion dollar profit machine with a freeze button, and nobody's asking what happens when a private company with offshore origins becomes critical infrastructure for both global commerce and financial surveillance.
Embed this episode
No transcript yet.