Tether Invests in Crystal Intelligence to Bolster Blockchain Security
Tether, the dominant player in the digital asset space, has made a strategic investment in Crystal Intelligence, a leading blockchain analytics firm. The MOVE aims to enhance forensic capabilities and combat illicit stablecoin activities, reinforcing ecosystem security.
The partnership responds to escalating crypto-related crimes. FBI data reveals $9.3 billion in U.S. scam losses during 2024—a 66% annual increase. Tether has already assisted 255 law enforcement agencies across 55 jurisdictions, freezing $2.7 billion tied to illegal transactions.
Collaboration will expand investigative tools for global regulators, building on existing initiatives like Scam Alert. This marks another step in Tether's proactive approach to legitimizing stablecoin infrastructure.
