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

Tether, the issuer of the world’s most widely traded stablecoin, has frozen more than $500 million in digital assets.

The funds are linked to a massive illegal gambling and money-laundering syndicate in Turkey.

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Tether Marks One of Crypto’s Largest Crackdowns

The freeze targets assets reportedly owned by Veysel Sahin, an individual Turkish prosecutors accuse of orchestrating a sprawling illegal betting network.

Notably, this move marks one of the largest single-asset seizures…