Tether freezes $344 million in USDT on Tron after wallets flagged by US authorities
The Block
Tether has frozen over $344 million in USDT on the Tron network following coordination with U.S. law enforcement and OFAC regarding illicit activity.Summary
Tether confirmed the freezing of more than $344 million in USDT across two Tron addresses in one of its largest enforcement actions to date. The move was coordinated with the Office of Foreign Assets Control (OFAC) and U.S. law enforcement due to links with criminal networks or sanctions evasion. Tether CEO Paolo Ardoino stated that the company remains committed to preventing the use of USDT for illicit purposes, noting that the firm has now frozen over $4.4 billion in assets globally in cooperation with law enforcement agencies.
(Source：The Block)