Multimillion Tether USD $USDT account just frozen, why is this happening? tether stablecoin usdt cryptonews
can blacklist addresses that have been involved in crimes such as money laundering. Tether has been freezing stablecoin crypto addresses since 2017 at the request of financial regulators and law enforcement agencies. According to various sources, the company blacklisted more than 820 addresses with a combined value of more than half a billion dollars.
An extraordinary case of account freezing by Tether occurred in November 2022, when the wallet of the infamousexchange was blacklisted, containing 46.36 million USDT on the TRON network. The reason for the address freeze then was the sale of USDT by the exchange and its affiliated firms, in the course of which the stablecoin's peg to the dollar was disrupted.
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