PANews reported on April 23 that Tether announced it has cooperated with the US government to freeze approximately $344 million in USDT held in two addresses. This action was based on intelligence provided by multiple US agencies regarding suspected illegal activities, preventing further transfer of funds. Tether stated that it has cooperated with over 340 law enforcement agencies in 65 countries, assisting in over 2,300 cases, of which over 1,200 are related to the US, resulting in the freezing of over $4.4 billion in assets (of which over $2.1 billion is related to the US).