Tether Freezes $160M of USDT Stablecoin on Ethereum Blockchain
0x1d77
January 18th, 2022

The last time Tether froze an account was in late December.

(wir_sind_klein/Pixabay)

Stablecoin issuer Tether froze three Ethereum addresses on Thursday, holding over $160 million worth of USDT, according to data from Etherscan.

  • The three accounts will now not be able to move funds.
  • In total, Tether has blacklisted 563 addresses on the Ethereum blockchain since November 2017, according to the Bloxy block explorer.
  • Tether has said in the past that it regularly works with regulators to supervise suspicious accounts.
  • An address with over $1 million in USDT was frozen in late December.
  • Tether, which issues tokens on several blockchains, began blacklisting addresses following a November 2017 breach in which the firm said $30 million of USDT was stolen.
  • "Today, Tether has frozen three addresses on the Ethereum blockchain containing $160m USDt upon a request from law enforcement. At the moment we are unable to disclose any further details," a Tether spokesperson wrote in an email.

For more information:

Official website: https://zebra-vc.com
Twitter: https://twitter.com/ZebraVentures
Telegram: https://t.me/zebra_ventures

Arweave TX
5VosEKC2FSKEGHgoWmrKbpWD8PL8vBP-4LRKBETpVH8
Ethereum Address
0x1d77D683633c6ADEF373BAb544A55520F60c72c6
Content Digest
R9N73WYKTK6eNYSJdvLMfokvjpee9OfVsMHX-Z2DBAo