Tether uses Chainalysis to monitor illegal activity! CEO: Committed to improving transparency and security

This site (120bTC.coM): The latest announcement from Tether, the stablecoin USDT issuer, states that the company has cooperated with the on-chain analysis company Chainalysis to use the professional tools provided by the latter , monitor addresses that are sanctioned or involved in illegal activities in real time, and take immediate action on their funds, striving to fully cooperate with regulatory enforcement.

Tether uses Chainalysis tools to monitor illegal activities

Tether revealed in a statement on Thursday that Chainalysis will provide customized professional tools to assist the company in monitoring illegal activities in the secondary market. Improve regulatory efficiency.

It is reported that through the above-mentioned analysis tools, Tether will be able to enhance market insights and identify wallets that may be related to illegal activities: the solution includes sanctioned address monitoring, illegal fund transfer monitoring, wallet classification and giant Whale wallet analysis and other tools.

• Sanctioned address monitoring: Provide a list of addresses and transactions involving sanctioned entities

• Illegal fund transfer monitoring: Monitor and finance terrorist attacks or Suspicious transactions related to money laundering and other criminal activities

• Wallet classification: Classify USDT holders by type, such as exchanges

• Giant Whale Wallet analysis: Monitor important or large USDT holders and activities

Previously, Tether had been questioned by U.S. Senators Cynthia Lummis and French Hill, requesting the U.S. Department of Justice to conduct an in-depth investigation of Tether and the currency An, whether it involves financing Hamas terrorist operations.

Tether CEO: Committed to improving transparency and security

At the same time, Tether CEO Paolo Ardoino also said in the statement: Our cooperation with Chainalysis is our commitment to building encryption. An important step towards industrial transparency and security, it further strengthens our determination and means to face illegal activities and actively protect the ecosystem.

Even though the first-quarter financial report just announced an impressive net profit of US$4.52 billion, Tether seems to have not stopped at the regulatory level.

Last month, Tether attracted regulatory attention because USDT was used as a payment method in Venezuela, which is subject to U.S. oil sanctions. Tether also responded immediately, saying that it would fully cooperate with the sanctions imposed by the U.S. Office of Foreign Assets Control (OFAC) and implement asset freezes on sanctioned addresses.

Enter the AI ​​industry and invest in brain-computer technology companies

As the world’s largest stablecoin issuer, Tether’s financial transparency and monopoly status have also been criticized; however, At the same time, the company also continues to cooperate with law enforcement agencies in various countries on fraud and criminal cases to help freeze illegal assets.

In March this year, Tether announced the establishment of the artificial intelligence department Tetherdata, indicating its intention to enter the AI ​​field.

A few days ago, the company's venture capital Tether Evo even participated in the investment of Blackrock Neurotech, a well-known brain-computer interface (BCI) technology company, injecting US$200 million into the development of its medical solutions.

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