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Tether Steps Up: Freezes $1.6M in US-Led Crackdown on Gaza Terror Funding
Tether Steps Up: Freezes $1.6M in US-Led Crackdown on Gaza Terror Funding
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Stablecoin giant Tether just flexed its compliance muscles—freezing $1.6 million at the request of US authorities. The target? A shadowy Gaza-based terror network moving funds through crypto.
Behind the headlines:
- Another win for blockchain forensics: Tether's move proves even privacy coins can't outrun the long arm of KYC.
- The irony? Terror groups still trying to use the most transparent financial system ever invented. Maybe stick to unmarked bills next time?
While regulators keep screaming about crypto's 'wild west' image, the industry keeps handing them bulletproof evidence of self-regulation. But sure—let's keep pretending TradFi never launders money.
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