header banner

Tether Banned 32 Crypto Addresses Associated with Warfare in Ukraine and Israel and Terrorism

Table of Contents


    Stablecoin issuer Tether has frozen funds in 32 cryptocurrency addresses linked to terrorism and warfare in Israel and Ukraine, according to a Monday press release.

    Tether said that it has been working with Israel's National Bureau for Counter Terror Financing (NBCTF) to counter cryptocurrency-funded terrorism and warfare. By freezing a wallet, Tether restricts the "send USDT" function of that wallet, meaning that the owner cannot transfer funds until the freeze is lifted.

    The combined value frozen across the 32 addresses equates to $873,118.

    "Tether remains committed to promoting responsible blockchain technology use and standing as a robust defense against cybercrime,” said newly-appointed Tether CEO Paolo Ardoino. “We eagerly anticipate continued collaboration with global law enforcement agencies as part of our commitment to global security and financial integrity.”

    Tether froze $46 million worth of its USDT stablecoin last November following a law enforcement request in relation to an FTX wallet during the exchange’s collapse.

    UPDATE (Oct. 16, 13:06 UTC): Adds report of Binance working with Israel to freeze Hamas-linked accounts from last week.

    Edited by Parikshit Mishra.


    Article information

    Author: Patricia Moore

    Last Updated: 1700343362

    Views: 574

    Rating: 4.1 / 5 (86 voted)

    Reviews: 90% of readers found this page helpful

    Author information

    Name: Patricia Moore

    Birthday: 2002-10-01

    Address: USNV Young, FPO AE 77574

    Phone: +4627174845303626

    Job: Mechanic

    Hobby: DIY Electronics, Robotics, Wine Tasting, Crochet, Photography, Woodworking, Metalworking

    Introduction: My name is Patricia Moore, I am a lively, audacious, brilliant, striking, frank, unyielding, courageous person who loves writing and wants to share my knowledge and understanding with you.