Tether CEO Claims Early Freezing of Suspicious Transactions Ahead of Senate Probe
Current overview (not historical)
Tether CEO Paolo Ardoino has responded to a Senate investigation by asserting that the company has been proactively freezing suspicious transactions well before official sanctions were applied. According to Ardoino, Tether has been averaging a four‑week lead time in freezing such activity since 2023, and that 99% of these actions occur prior to Chainalysis marking the transactions. He argues that the Senate’s analysis overlooks this positive work, which has contributed to a reduction in Iranian volumes. The CEO’s statements highlight a tension between the company’s internal safeguards and the external scrutiny from lawmakers, underscoring differing views on the effectiveness of Tether’s compliance measures.
Written with AI from the reporting · updated 10/19/2026
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- 1Unclassified fact stationOct 19, 00:00recorded Oct 20, 05:01single sourcerevised
Tether CEO回应参议院调查称冻结行动提前4周
Read original source ↗ CoinDeskReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Paolo Ardoino
- Action：
- 发布声明反驳参议院报告
- Object：
- 指控Tether提供金融 lifeline 给伊朗
- Occurred (fact side)：
- Oct 19, 00:00
- Published (valid side)：
- Oct 20, 04:21
- First seen (known side)：
- Oct 20, 05:01
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- CoinDeskRelated fact: single sourceSource report revisedTether CEO says firm froze Iran-linked transactions 4 weeks ahead of U.S. sanctions body
Report first recorded Oct 20, 05:01
Tether CEO Paolo Ardoino stated that since 2023, the company has frozen suspicious transactions an average of four weeks prior to the U.S. Treasury Department's Office of Foreign Assets Control and Israel's National Bureau for Counter Terror Financing officially designating them, and in 99% of cases before Chainalysis labeled them. Ardoino argued this proactive action led to a 94% decline in Iran-linked stablecoin volumes, countering a Senate Democrats' report that accused Tether of providing a financial lifeline to Iran's shadow banking network.
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