Tether Invests in Blockchain Analytics Firm Crystal Intelligence to Strengthen Anti-Crime Capabilities

July 8th, according to CoinDesk, Tether has announced a strategic investment in blockchain forensics firm Crystal Intelligence to strengthen its ability to combat cryptocurrency crimes related to USDT.

This investment enables Tether to directly utilize Crystal's full suite of tools, including real-time risk monitoring, fraud detection, and regulatory intelligence systems, further enhancing its ability to assist global law enforcement agencies in tracking suspicious activities. The two parties have also previously collaborated on the development of "Scam Alert," a public database that tags wallet addresses involved in scams. [BlockBeats News]