news9h ago

Tether Has Frozen Two Wallet Addresses Holding A Combined $344.2 Million In $Usdt On The Tron Network, In What Ranks Among The Largest Single-Address Blacklisting Actions The Stablecoin Issuer Has Carried Out To Date.

On-chain data flagged by @Whale_Alert shows the two addresses held 131,288,800 $USDT and 212,922,653 $USDT respectively. Both have now been blacklisted, rendering the funds immovable and effectively pulling that liquidity out of the $TRX ecosystem.

According to @Tether, the freeze followed information provided by several U.S. authorities relating to activity tied to unlawful conduct. The company did not identify the wallet holders or disclose the specific nature of the alleged violations.

The action is consistent with a broader pattern of compliance enforcement by Tether, which has increasingly coordinated with international law enforcement agencies to freeze wallets linked to illicit activity. Tether has previously stated that it works directly with agencies including the U.S. Department of Justice and the Secret Service to respond to freeze requests.

Tether Has Frozen Two Wallet Addresses Holding A Combined $344.2 Million In $Usdt On The Tron Network, In What Ranks Among The Largest Single-Address Blacklisting Actions The Stablecoin Issuer Has Carried Out To Date.

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