Tether made headlines after helping Canadian police recover $10K CAD in stolen crypto. They froze the funds and managed to get it back to the owner. This cooperation highlights Tether’s support for law enforcement, despite its history of scrutiny over transparency. CEO Paolo Ardoino emphasized their commitment to fighting cybercrime, highlighting on Tether’s work with agencies worldwide. However rumors still swirl about Tether’s legal issues, but more importantly they’re staying focused on expanding globally.
After a long time of staying underground, Tether has finally stepped back into the spotlight. This time its for assisting the authorities in solving a crypto crime. Reportedly, the stablecoin firm helped the Ontario Provincial Police officially in solving a crypto robbery crime worth $10,000 CAD. Their amazing help showcased the company’s overall increase in commitment to help authorities address crypto-related crimes.
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Ontario Provincial Police Acknowledge Tether’s Role in Recovering Stolen Crypto
The OPP wasted no time in thanking Tether for their assistance in successfully recovering the crypto funds. With the help of Tether, the investigators managed to freeze $7,186, or 10,000 Canadian Dollars in USDT, from the suspect. According to detectives, Tether’s help ensured the quick recovery of the stolen crypto assets and also commended the crypto firm for its voluntary assistance, which ultimately facilitated the return of the funds to their rightful owner.
Tether’s Response
Paolo Ardoino, Tether’s Chief Technology Officer quickly released a statement after the successful recovery of funds. In the statement he emphasized on the company’s commitment on helping law enforcement fight through cyber crime. Ardoino further stated that Tether would hold criminals accountable and support all victims. Recently they have even strengthened its efforts especially to help law enforcement.
With this the company has now collaborated with over 195 law enforcement agencies in over 48 countries and are aiming on expanding even further.
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