Experts from the MistTrack analytical platform reported that on May 14, Tether, the issuer of the USDT stablecoin, continued to block suspicious accounts.

According to MistTrack, Tether continued to fight fraud and illegal transactions in the digital asset market. In particular, on May 14, Tether froze USDT on 12 crypto wallets worth about $5.2 million. MistTrack believes that these addresses were included in the Tether stop list due to their possible connection with phishing operations.

The Tether administration has repeatedly stated its voluntary cooperation with law enforcement agencies and its readiness to comply with all orders to block users who are on the Office of Foreign Assets Control (OFAC) sanctions list.

Tether CEO Paolo Ardoino reportedthat since its inception, the company has actively cooperated with 124 law enforcement agencies in more than 40 countries. In the course of joint actions, more than $1.3 billion was blocked in accounts mainly associated with various forms of fraud.

Recall that in November, Tether reported blocking more than $225 million in USDT, which were associated with a large international crime syndicate for human trafficking in Southeast Asia.