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Tether Freezes $160M of USDT Stablecoin on Ethereum Blockchain

Tether Freezes $160M of USDT Stablecoin on Ethereum Blockchain

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Stablecoin issuer Tether froze three Ethereum addresses on Thursday, holding over $160 million price of USDT, based on information from Etherscan.

  • The three accounts will not have the ability to transfer funds.
  • In whole, Tether has blacklisted 563 addresses on the Ethereum blockchain since November 2017, according to the Bloxy block explorer.
  • Tether has stated prior to now that it frequently works with regulators to oversee suspicious accounts.
  • An handle with over $1 million in USDT was frozen in late December.
  • Tether, which points tokens on a number of blockchains, started blacklisting addresses following a November 2017 breach during which the agency stated $30 million of USDT was stolen.
  • “Today, Tether has frozen three addresses on the Ethereum blockchain containing $160m USDt upon a request from law enforcement. At the moment we are unable to disclose any further details,” a Tether spokesperson wrote in an e mail.

UPDATE (Jan. 13 21:40 UTC): Adds assertion from Tether.

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