- 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.