Major crypto firms launch Swiss fund to tackle fraud and aid victims

Tether has teamed up with Bybit, Kraken, Anchorage Digital, Chainalysis, Bitfury and the Solana Foundation to create the FASE foundation in Switzerland. The new body will target online scams, support victims of human trafficking and test stablecoin-based humanitarian deliveries.

FASE plans to award grants and run training programmes focused on cybercrime, with early efforts concentrated in high-risk regions across Africa, Latin America and Southeast Asia. The UN Office on Drugs and Crime will provide technical advice.

Tether’s existing cooperation with law enforcement continues: it froze $550 million in USDT linked to Iran in September and another $26 million tied to the Russian exchange Garantex in 2025. An initial stablecoin aid pilot could reach up to one million people.

Based on information from cryptonews.net