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Tether Freezes $344 Million USDT Stablecoins Flagged For Illicit Activity
Tether froze more than $344 million in USDT across two Tron addresses on Thursday, in coordination with the US Treasury’s Office of Foreign Assets Control (OFAC), marking one of the stablecoin issuer's largest compliance actions on record. While Tether did not name the network of the frozen funds, blockchain security firm PeckShield identified the blacklisted addresses as TNiq9...QZH81 and TTiDL...pjSr9, holding approximately $213 million and $131 million respectively. The action comes weeks after the $285 million Drift Protocol exploit; an incident that put the entire stablecoin industry under public scrutiny and ... (full story)
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