Tether freezes $873,000 in crypto linked to ‘terrorism and warfare’ in Israel and Ukraine

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LONDON : Stablecoin issuer Tether has frozen 32 cryptocurrency wallet addresses containing a combined $873,118 it said were linked to “terrorism and warfare” in Israel and Ukraine, the company said in a statement on Monday. Tether did not provide details of the owners of the addresses, when they were frozen, nor the nature of their activity. It also did not provide a breakdown of the split between Ukraine-related and Israel-related addresses. Crypto wallet addresses are strings of numbers and letters that identify the sender and receiver of tokens. The company said it was working with Israel’s National Bureau for Counter Terror Financing “to counter cryptocurrency-funded terrorism and warfare,” without giving further details. The NBTCF did not immediately respond to a request for comment. Last week Israel said it had frozen cryptocurrency accounts used to solicit donations for the Palestinian militant group Hamas on social media.

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