US Edition
Tether freezes $344 million in USDT on Tron tied to illicit acitivity
28 Articles
28 Articles
Tether Locks Down $344M in USDT Following Federal Request on Tron Network
Key Takeaways At the direction of federal authorities, Tether blocked $344 million in USDT stored across two wallet addresses on the Tron network Officials identified the wallets as potentially connected to criminal operations, though specific charges remain undisclosed According to blockchain intelligence provider AMLbot, the flagged addresses appear in materials associated with fraudulent schemes This enforcement action has renewed discussion…
The company Tether, a broadcaster of the world’s most used stablecoin, has frozen $344 million in USDT circulating through the Tron network, in coordination with the authorities of the United States. It is one of the largest interventions that are remembered about a digital currency of this type, and leaves a sharp photo: the money we call decentralized can be stopped, if the one who issues it decides to stop it. The operation, confirmed this Th…
Tether Freezes $334 Million in Stablecoins Linked to Illegal Activity
Stablecoin issuer Tether said it has frozen $344 million in stablecoins linked to illegal activity. The company announced the freeze Thursday (April 23), saying it came following information shared by U.S. authorities about activity connected to unlawful actions. “When wallets are identified as connected to sanctions evasion, criminal networks, or other illicit activity, Tether can move to restrict those assets,” the company wrote in a…
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