The scam, which has been particularly prevalent in India, deceives individuals by offering false romantic or financial opportunities and then defrauding them. This proactive measure by Tether underscores the company’s dedication to upholding integrity within the digital currency space and preventing its platform from being used for illegal activities.
Paolo Ardoino, CEO of Tether, emphasized the importance of this action in maintaining the standards of integrity that are essential to the cryptocurrency industry. By working alongside law enforcement agencies like the DOJ and partnering with other crypto platforms such as OKX, Tether aims to create a safer environment for users and to deter criminals from exploiting digital currencies for illicit purposes.
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Source: Cryptocurrency - investing.com
