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July 8, 2025 – Tether, the largest company in the digital asset industry, today announced a strategic investment in Crystal Intelligence, a leading blockchain analytics firm renowned for its advanced risk monitoring, fraud detection, and regulatory intelligence solutions. This pivotal investment underscores Tether’s unwavering commitment to combating illicit stablecoin use, strengthening blockchain forensics, and providing robust support to law enforcement agencies worldwide in building a more secure and resilient digital asset ecosystem.
The investment comes at a critical time, as reports indicate a significant escalation in cryptocurrency-related scam losses. The FBI reported over $9.3 billion in such losses in the United States in 2024 alone, marking a 66% increase from the previous year. In response to this escalating threat, Tether has consistently taken a leading role in voluntarily assisting law enforcement officials. To date, Tether has collaborated with more than 255 law enforcement agencies across 55 jurisdictions, including the U.S. Secret Service and FBI, successfully freezing over $2.7 billion USD₮ tied to illicit activity.
"Tether is firmly committed to supporting law enforcement agencies in a shared effort 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: USD₮ is the digital dollar for the people, bad actors will be stopped."
Crystal Intelligence stands at the forefront of blockchain intelligence, offering sophisticated analytics for crypto crime investigation, compliance, and risk management. Their AI-powered platform enables users to uncover illicit finance, trace crypto movements, and enforce compliance with unparalleled efficiency. Crystal’s products, including Crystal Expert for compliance, investigations, and research, and Crystal Lite, are trusted by global companies, banks, payment providers, governments, law enforcement, and digital asset exchanges. The platform boasts impressive metrics, having flagged over 11 million transfers, verified more than 100,000 entities, and processed over 210 million verified transfers.
"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."
This strategic investment reinforces the investigative tools used by enforcement agencies, regulators, and institutions globally. It builds upon the ongoing collaboration between Tether and Crystal Intelligence, notably their joint support for 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. Crystal Intelligence also contributes significantly to shaping global crypto regulation and compliance standards through partnerships with organizations like CryptoUK, Global Digital Finance (GDF), the International Association for Trusted Blockchain Applications (INATBA), and the Global Blockchain Business Council (GBBC).
The investment in Crystal Intelligence complements Tether’s broader compliance-focused infrastructure strategy, which includes integrating institutional-grade monitoring to ensure the transparent and regulatory-aligned issuance and maintenance of tokenized real-world assets. This latest initiative reflects Tether’s ongoing commitment to proactive crime prevention, global enforcement cooperation, and the responsible growth of the digital asset ecosystem.
About Tether
Tether is the largest company in the digital asset industry, revolutionizing the traditional financial system through its tokenized solutions. As the creator of the world’s first and most widely used stablecoin, USD₮, Tether is dedicated to building a more open, accessible, and resilient financial future. Tether is committed to transparency, security, and compliance, actively collaborating with law enforcement and regulatory bodies to combat illicit activities and foster a safe digital asset environment.
About Crystal Intelligence
Crystal Intelligence is a leading blockchain analytics and compliance platform providing advanced solutions for risk monitoring, fraud detection, and regulatory intelligence. Headquartered in Amsterdam, Netherlands, Crystal empowers financial institutions, law enforcement agencies, and crypto businesses with the tools to investigate crypto crime, ensure compliance, and manage risk effectively. With its AI-powered platform and a commitment to security and innovation, Crystal Intelligence is at the forefront of protecting the future of global financial growth in the digital asset space.
Compiled by CMO Intern team
