says the company works with law enforcement officials regularly and is in daily contact with “key law enforcement officers.” If a law enforcement official provides a legitimate request to freeze a private wallet, Tether “complies with the freeze,” but we do not freeze wallets of exchanges/services,” the company added.
Furthermore, Tether says that choosing to unilaterally freeze secondary market addresses very well “could be a highly disruptive and reckless move.” The company also detailed that there have been instances where law enforcement has told the company not to freeze suspected private wallets so the suspects of an investigation are not alerted and liquidate the funds. Tether’s blog post also calls out a number of stablecoin issuers like Paxos, a New York-based regulated company.
Tether, like any other stable coin, must act in accordance with the instructions of law enforcement agencies.
Tether acts in accordance with the interests of the company and users.
Tether is here for people. And supports DeFi system as well.
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Tether responds adequately to emerging situations and controls the situation.
wait for things to develop
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why？
Thankss 🚀
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LOL people are exploiting defi!