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  • January 14, 2022

On the Ethereum blockchain, Tether has frozen $160 million in USDT stablecoin.

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

Tether, a stablecoin issuer, froze three Ethereum addresses on Thursday, totaling approximately $160 million in USDT, according to data from Etherscan.

  • The three accounts will no longer be able to send or receive funds.
  • According to the Bloxy block explorer, Tether has blacklisted 563 addresses on the Ethereum blockchain since November 2017.
  • Tether has previously stated that it collaborates with regulators on a regular basis to monitor questionable accounts.
  • Late in December, an address containing over $1 million in USDT was locked.
  • Following a November 2017 breach in which $30 million in USDT was stolen, Tether, which issues tokens on many blockchains, began blacklisting addresses.
  • "Following a request from law enforcement, Tether has frozen three Ethereum addresses containing $160 million USDt. We are unable to provide any additional information at this time "In an email, a Tether spokeswoman stated.