Tether Helps Police Recover Stolen Crypto in Canada

Recently, Tether helped the Ontario Provincial Police recover cryptocurrency valued at $10,000 CAD

Tether’s cooperation with the OPP’s Cyber Investigations Team enabled this recovery, demonstrating the company’s dedication to helping law enforcement fight cybercrime.

The digital assets were returned to their rightful owner after Tether complied with the OPP’s request and frozen the Tether engaged in the theft.

According to Tether’s news announcement, OPP Detective Staff Sergeant Addison Hunter recognized Tether’s voluntary cooperation as crucial to recouping the stolen money.

Tether claims to have helped more than 195 law enforcement organizations in 48 countries, establishing itself as a partner to law enforcement in the fight against cybercrime.

On November 8, Tether also revealed that it has closed its first fundraising deal in a crude oil investment in the Middle East, broadening its business beyond cryptocurrency.

In the hot seat, tether?

On the legal front in the US, Tether recently refuted rumors that the business was being investigated for violating anti-money-laundering and sanctions laws.

According to reports, Manhattan prosecutors were looking into possible criminal activity involving Tether’s cryptocurrency. According to reports, the U.S. Treasury Department is also thinking about imposing sanctions on Tether, which may restrict U.S. business interactions with the company.

Paolo Ardoino, the CTO of Tether, denied these allegations, claiming that there was no sign of an inquiry and referring to the rumors as “old noise.”