Tether Collaborates with U.S. Authorities to Freeze Over $340 Million Worth of USDT

Freezing of USDT

On the 23rd, Tether announced its cooperation with the U.S. government in freezing over $340 million (approximately 55 billion yen) worth of the U.S. dollar stablecoin USDT.

The freeze was implemented in collaboration with the U.S. Office of Foreign Assets Control (OFAC) and law enforcement agencies. The company has only disclosed that the freeze was carried out in coordination with these bodies, without revealing any details about the illegal activities that led to the action. According to information from the security firm PeckShield, the frozen cryptocurrency assets are believed to be on the Tron blockchain...