PANews reported on July 8 that according to CoinDesk , stablecoin issuer Tether has invested in blockchain analysis company Crystal Intelligence to enhance its ability to combat USDT -related crypto crimes. FBI data shows that crypto fraud losses in 2024 will reach $ 9.3 billion, a year-on-year increase of 66% . Tether's investment will provide real-time risk monitoring and fraud detection tools, and collaborate with global law enforcement agencies to help freeze more than $ 2.7 billion in stablecoins involved in the case. Tether CEO said that this move will strengthen cooperation with law enforcement agencies and send a clear signal that "abuse of USDT will be tracked down."
Tether invests in blockchain forensics firm Crystal Intelligence to fight crypto crime
Share to:
Author: PA一线
This content is for informational purposes only and does not constitute investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
PA一线5 hour ago
Nancy7 hour ago
PA一线10 hour ago
Ethereum's turbulent decade
Ten years have passed since the creation of Ethereum. Where is the "world computer" headed? This special feature will feature selected articles reviewing Ethereum's turbulent decade of rise, challenges, and breakthroughs.
PAData: Web3 in Data
Data analysis and visual communication of industry hot spots help users understand the meaning and opportunities behind each data.
Pioneer's View: Crypto Celebrity Interviews
Exclusive interviews with crypto celebrities, sharing unique observations and insights
AI Agent: The Journey to Web3 Intelligence
The AI Agen innovation wave is sweeping the world. How will it take root in Web3? Let’s embark on this intelligent journey together
Memecoin Supercycle: The hype around attention tokenization
From joke culture to the trillion-dollar race, Memecoin has become an integral part of the crypto market. In this Memecoin super cycle, how can we seize the opportunity?
Real-time tracking of Bybit attack
Bybit suffered a security incident, and funds worth $1.44 billion were withdrawn. A North Korean hacker group was accused of being the perpetrator.