KEY TAKEAWAYS
- Tether collaborates with the Ontario Provincial Police to recover stolen cryptocurrency worth $10,000 CAD.
- The company’s proactive engagement led to the swift freezing and return of USD₮ assets to the rightful owner.
- Tether emphasizes its commitment to regulatory compliance and public safety by supporting law enforcement in combating cybercrime.
- Globally, Tether has assisted in freezing over $2 billion in assets linked to criminal activities, working with 195 law enforcement agencies across 48 jurisdictions.
On November 8, 2024, Tether, a leading company in the digital assets industry, announced its collaboration with the Ontario Provincial Police (OPP) in a recent investigation that led to the recovery of stolen cryptocurrency valued at approximately $10,000 CAD. This recovery was facilitated through Tether’s proactive engagement and support, working alongside the OPP Cyber Investigations Team (CIT).
Tether’s voluntary assistance enabled the swift freezing of USD₮ assets involved in the incident, which were subsequently returned to the rightful owner. Detective Staff Sergeant Addison Hunter of the OPP stated, “With the voluntary assistance and cooperation of Tether International Ltd., the stolen digital assets were successfully seized and returned to the victim. This collaboration was instrumental in ensuring the swift recovery of the assets.”
Tether’s Commitment to Regulatory Compliance and Public Safety
This action underscores Tether’s commitment to transparency, regulatory compliance, and public safety. By working closely with law enforcement agencies, Tether aims to safeguard users and prevent digital assets from being exploited for illicit activities. Paolo Ardoino, CEO of Tether, emphasized, “Tether remains dedicated to supporting law enforcement efforts to combat cybercrime. We are honored to have worked with the OPP and stand ready to work alongside government agencies across the globe, providing the essential tools to hold bad actors accountable and, ultimately, support the victims.”
Global Efforts in Combating Cybercrime
Tether has consistently demonstrated a robust commitment to assisting global law enforcement agencies in combating cybercrime and illicit activities. Working alongside more than 195 law enforcement agencies across 48 jurisdictions, Tether has played an instrumental role in freezing over $2 billion in assets linked to criminal activities. The company remains resolute in its commitment to combat illicit activities and safeguard the integrity of the cryptocurrency ecosystem.
For more information on Tether’s proactive efforts and actions, visit TetherFacts.
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