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Tether Freezes $160M of USDT Stablecoin on Ethereum Blockchain

www.coindesk.com 13 January 2022 20:39, UTC
Reading time: ~2 m

What to know
  • Stablecoin issuer Tether froze three Ethereum addresses holding over $160 million worth of USDT, according to data from Etherscan.
  • The three accounts will now not be able to move funds anymore.
  • 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.

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