The minority investment company Tether, which issues one of the largest cryptocurrencies, has announced a strategic investment in Crystal Intelligence, a blockchain analysis company. Practice is a smaller part of Tether’s wider mission to ensure that cryptocurrency is not used in criminal acts.
Collaboration aims to modernize the equipment used to detect suspicious online transactions. The two companies have also introduced Scam Alert (Scam-alert.io), a real-time site that displays seamless portfolio addresses in real time.
The concern concerning fraud linked to crypto has increased lately. In the United States, FBI figures revealed that in 2024, consumers lost a total of $ 9.3 billion. Tether, in turn, cooperated with the police in 55 countries and states to lock themselves for more than $ 2.7 billion in USDT associated with criminal companies.
