Tether Freezes $500 Million in Assets Linked to Turkish Gambling Ring

Tether, the stablecoin issuer, confirmed it froze more than $500 million in digital assets linked to a massive illegal gambling and money-laundering syndicate operating in Turkey, allegedly orchestrated by Veysel Sahin. This action represents one of the largest single-asset seizures in cryptocurrency history and highlights Tether's increasing cooperation with international law enforcement agencies like the DOJ and FBI. This move contrasts with Tether's former reputation for lacking transparency. In total, Tether has now frozen over $3 billion in assets since its inception. The article also notes Tether's recent diversification efforts, including investments in Gold.com and Anchorage Digital, following a record $10 billion profit in 2025.

(Source：BeInCrypto)