8 November 2024 – Tether, the largest company in the digital assets industry, announced today that it assisted the Ontario Provincial Police (OPP) in a recent investigation that resulted in the recovery of stolen cryptocurrency. This recovery, valued at approximately $10,000 CAD, was made possible through Tether’s proactive engagement and support, alongside the OPP Cyber Investigations Team (CIT).

Tether’s voluntary assistance enabled the swift freezing of USD₮ assets involved in the incident, which were subsequently returned to the rightful owner. Detective Staff Sergeant Addison Hunter of the OPP stated, “With the voluntary assistance and cooperation of Tether International Ltd., the stolen digital assets were successfully seized and returned to the victim. This collaboration was instrumental in ensuring the swift recovery of the assets.”

This action underscores Tether’s commitment to transparency, regulatory compliance, and public safety. By working closely with law enforcement agencies, Tether aims to safeguard users and prevent digital assets from being exploited for illicit activities.

“Tether remains dedicated to supporting law enforcement efforts to combat cybercrime,” said Paolo Ardoino, CEO of Tether. “We are honored to have worked with the OPP and stand ready to work alongside government agencies across the globe, providing the essential tools to hold bad actors accountable and, ultimately, support the victims.’

Tether has consistently demonstrated a robust commitment to assisting global law enforcement agencies in combating cybercrime and illicit activities. Working alongside more than 195 law enforcement agencies across 48 jurisdictions, Tether has played an instrumental role in freezing over $2 billion in assets linked to criminal activities. 

Tether remains resolute in its commitment to combat illicit activities and safeguard the integrity of the cryptocurrency ecosystem. For more information on Tether’s proactive efforts and actions, visit TetherFacts.