Tether froze several addresses at the request of the authorities

The platform has blacklisted three Ethereum addresses that collectively contain $160 million in USDT

14.01.2022 - 11:10

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1 min

What’s new? CoinDesk reported that stablecoin issuer Tether has blacklisted three Ethereum addresses. A total of $160 million in USDT was blocked. It is no longer possible to move currency from these wallets.

JUST IN: @tether_to has blacklisted three Ethereum addresses holding a combined $160M of USDT stablecoins, public block explorer data shows.@heleneBraunn reports:https://t.co/eaCDug5Sd7— CoinDesk (@CoinDesk) January 13, 2022

What is known about blocking? Tether’s representative stated:

“Tether has frozen three addresses on the Ethereum blockchain upon a request from law enforcement […] At the moment we are unable to disclose any further details.”

Most likely, the company helps the authorities in the fight against fraudsters.

What were the blockages before that? In November 2017, Tether first blocked several addresses. At that time, the company prevented $30 million in stolen tokens from being moved. In early January, the stablecoin issuer froze a wallet with more than $1 million in digital assets. The platform currently has 563 Ethereum addresses blacklisted. Earlier, the company has stressed that it regularly cooperates with the law enforcers.

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