Tether Invests in Blockchain Analytics Firm Crystal Intelligence to Strengthen Ability to Combat Crypto Crime

On July 8, CoinDesk reported that Tether announced a strategic investment in blockchain forensics analysis company Crystal Intelligence to strengthen its ability to combat crypto crime related to USDT.

This investment allows Tether to directly use 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 behavior. The two parties previously jointly developed "Scam Alert," a public database for flagging fraudulent wallet addresses. [BlockBeats]