Gotcha! Tether Joins Forces With Canadian Authorities To Track Down Stolen Crypto
Tether recently assisted the Ontario Provincial Police in recovering $10,000 CAD from a crypto robbery, demonstrating its commitment to addressing crypto-related crimes. Despite previous criticisms for lack of transparency, Tether cooperated with authorities by freezing the USDT involved and enabling its return to the rightful owner. The OPP expressed gratitude for Tether's help, with Detective Inspector Addison Hunter commending the company's voluntary assistance in facilitating the swift recovery of stolen assets.
Tether's CEO, Paolo Ardoino, emphasized the company's dedication to supporting law enforcement in combating cybercrime and holding criminals accountable, highlighting its collaborations with numerous law enforcement agencies globally. Amidst legal scrutiny and rumors of investigations into money laundering, Tether has refuted allegations and focused on business expansion, including investments in the Middle East to diversify its portfolio beyond crypto.
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