Saad Ullah
In what represents Turkey's most significant cryptocurrency enforcement action to date, Tether has immobilized over half a billion dollars in USDT tokens connected to suspected illegal gambling activities. The freeze, conducted alongside Istanbul prosecutors, underscores the growing role of blockchain companies in international law enforcement operations targeting digital asset misuse.
Turkey Records Largest Single USDT Freeze in $544M Action
Tether froze approximately $544 million worth of tokens tied to alleged illegal gambling operations in Turkey. CEO Paolo Ardoino confirmed the company followed the same procedures used in cases involving the FBI and DOJ. The seizure formed part of a wider investigation reportedly linked to Veysel Şahin, with authorities requesting Tether's assistance in blocking the associated wallets.
This action represents the largest single USDT freeze ever recorded in the country and contributes to an enforcement operation that has seized over $1 billion in total assets. stablecoin regulatory actions continue to intensify as authorities worldwide target illicit crypto flows.
Tether's Global Enforcement Record Exceeds $3.4B Across 62 Countries
According to Tether, the company has now participated in more than 1,800 investigations worldwide.
We work closely with law enforcement globally to ensure USDT isn't used for illegal activity.
The issuer reports freezing approximately $3.4 billion in illicit funds across 62 countries and blacklisting over 5,700 wallets in coordination with international partners. Crypto compliance enforcement cases have become increasingly common as regulators demand greater accountability from stablecoin issuers.
The Turkey freeze highlights how blockchain tracking has become central to international investigations involving digital assets. Large-scale enforcement actions targeting USDT continue amid heightened scrutiny of digital asset transactions globally. Global crypto oversight developments signal that authorities are building stronger frameworks for monitoring and freezing suspicious cryptocurrency holdings, with stablecoin issuers playing an increasingly active role in these operations.
Saad Ullah
