On November 21, Tether published a new blog post detailing how it has collaborated with the United States Department of Justice (DoJ) to assist in freezing tethers tied to alleged crimes.
The post also details how it has “recently onboarded the United States Secret Service into its platform and will be working with the Federal Bureau of Investigation to do the same.”
Paolo Ardoino, who is the chief executive officer at Tether, chief technology officer of Bitfinex, and chief strategy officer at Keet, stated that “Tether remains steadfast in its commitment to supporting law enforcement efforts and aiding victims in their recovery. We condemn the misuse of USDT or any cryptocurrency for illicit purposes and are fully committed to collaborating with global law enforcement agencies.”
Tether is just one of the firms the US law enforcement apparatus has peered into recently, with Binance agreeing to an independent monitor as part of its deal with the DoJ.
Additionally, despite Tether’s condemnation of the “misuse of USDT,” Sam Bankman-Fried, the former owner of one of Tether’s largest clients, Alameda Research, pleaded guilty to wire fraud, securities fraud, commodities fraud, and money laundering.
Protos has reached out to Tether to clarify what types of information will be shared with the Secret Service and the FBI as part of their onboarding to this platform and will update if we hear back.