Tether blocked an address with more than $1 million worth of cryptocurrency
The issuer's blacklist has 560 users
05.01.2022 - 13:05
421
1 min
0
What’s new? The issuer of the USDT stablecoin, Tether, has blocked an Ethereum address with more than $1 million in digital assets. Who owns the address and the reason for the blocking are unknown, The Block reports.
What does the Tether wallet blocking mean? When funds are frozen, they cannot be withdrawn. Tether began blocking wallets in 2017, with more than 560 wallets blacklisted to date. Tether’s representative said that the company regularly cooperates with law enforcement agencies around the world. By freezing addresses, Tether has been able to recover the funds stolen or compromised by the hackers. Tether also has a “recovery” mechanism, meaning it can freeze USDTs and in some cases reissue them. This feature will help if the user sends money to the wrong address.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 542
BTC
+1.13%
-
Ethereum
$3 356.34
ETH
+7.17%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.4
XRP
+23.86%
-
Dogecoin
$0.388447
DOGE
+1.62%
-
Cardano
$0.85812
ADA
+10.28%
-
Bitcoin Cash
$488.28
BCH
-5.11%
-
Polkadot
$6.06
DOT
+7.66%
-
Stellar XLM
$0.283421
XLM
+16.23%
-
Litecoin
$90.49
LTC
+1.21%