The post Tether Backs Crystal Intelligence to Crack Down on Crypto Crime appeared on BitcoinEthereumNews.com.

TLDR: Tether invests in Crystal to boost real-time tracking of illicit stablecoin transactions. The Scam Alert tool flags scam-linked wallets and strengthens crypto crime prevention. FBI reported over $9.3B in crypto scam losses in 2024, fueling regulatory urgency. Tether aided 255+ agencies and froze $2.7B in USD₮ tied to criminal activity. Tether has taken a new step to strengthen its role in fighting crypto-related crime.  The stablecoin issuer has made a strategic investment in Crystal Intelligence, a blockchain analytics firm focused on fraud detection and compliance tools. The move builds on previous collaboration between the two companies, including the Scam Alert platform, which flags wallets tied to scams.  As crypto scams and illicit usage rise, Tether is intensifying efforts to support global law enforcement. This investment signals a broader push for stronger monitoring within the digital asset space. Tether Strengthening Tools Against Illicit Crypto Activity The partnership aims to reinforce Tether’s position in tackling unlawful stablecoin transactions.  According to the company, Crystal’s expertise in regulatory intelligence and risk tracking will enhance real-time monitoring tools. Tether stated that this will allow authorities to track suspicious funds with greater accuracy and speed. Crystal Intelligence has already worked with Tether to create Scam Alert, a platform that publicly flags scam-linked wallet addresses. The new investment will support further innovation in blockchain forensics and security-focused tools. Crypto-related crime has surged. The FBI reported over $9.3 billion in scam losses in 2024 alone, a sharp increase from the previous year. Tether says it has responded by boosting cooperation with global law enforcement. The company reports that it has supported more than 255 agencies in 55 countries, including the FBI and U.S. Secret Service. Over $2.7 billion worth of USD₮ has been frozen in connection with illicit activity.  With the Crystal partnership, Tether aims to expand…

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Filed under: News - @ July 9, 2025 7:25 am