July 8, 2025 – Tether, the largest company in the digital asset industry, has made a strategic investment in Crystal Intelligence, a leading blockchain analytics firm providing advanced risk monitoring, fraud detection, and regulatory intelligence solutions. The investment represents another component of Tether’s coordinated efforts to combat illicit stablecoin use by supporting law enforcement and building a more secure and resilient digital asset ecosystem.
In 2024, the FBI reported more than $9.3 billion in cryptocurrency-related scam losses in the United States, a 66% increase from the previous year. In response to the escalating threat environment, Tether has continued its leading role in voluntarily supporting law enforcement officials and investigations into criminals abusing stablecoin technology. To date, Tether has assisted more than 255 law enforcement agencies across 55 jurisdictions, including the U.S. Secret Service and FBI, and has frozen over $2.7 billion USDT tied to illicit activity.
This strategic investment reinforces the investigative tools used by enforcement agencies, regulators, and institutions worldwide and builds on Tether and Crystal Intelligence’s ongoing work to enhance intelligence capabilities. Notably, both organizations have supported the development of Scam Alert (scam-alert.io), a public-facing platform that flags wallet addresses associated with scams and abusive activity in real time.
“Tether is firmly committed to supporting law enforcement agencies in their efforts to combat illicit activity,” said Paolo Ardoino, CEO of Tether. “With the latest in advanced intelligence tools, like those being developed by Crystal Intelligence, we are enhancing our ability to assist authorities in tracing the movement of funds in real time. Tether has already contributed to freezing billions in unlawful funds and has supported investigations across dozens of jurisdictions. This strategic investment will strengthen our capacity to collaborate more effectively and reinforce a clear message: misuse USDT, and law enforcement will find you.”
“As the crypto industry matures, so must its foundations of trust and intelligence,” said Navin Gupta, CEO of Crystal Intelligence. “Tether’s backing is both a validation of the work we’ve done together and a joint commitment to future-proofing the industry through actionable insight, integrity, and innovation. We see too many players waiting for mandates. At Crystal, we believe responsible innovation means getting ahead of threats, and not just reacting to them.”
The investment in Crystal Intelligence complements Tether’s broader compliance-focused infrastructure strategy. This latest initiative reflects Tether’s ongoing commitment to proactive crime prevention, global enforcement cooperation, and the responsible growth of the digital asset ecosystem.
Read full announcement on the Tether website.
