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Law enforcement and Tether cooperate in a $500M cryptocurrency freeze targeting illegal betting operations in Turkey.

Tether Freezes $500M in Turkey’s Unprecedented Illegal Betting Crackdown

February 9, 2026 j n

Istanbul, Turkey – April 2025: In a landmark move demonstrating the growing intersection of traditional law enforcement and digital asset oversight, Turkish authorities have successfully frozen approximately $500 million worth of the stablecoin Tether (USDT). This decisive action forms the core of a major crackdown on a sprawling illegal online betting network, signaling a new […]