Tether Accused of Freezing THORChain USDT Without Explanation
13 Articles
13 Articles
THORChain exec accuses Tether of temporarily freezing USDT vaults
Chad Barraford, technical co-founder of the network, said that the funds were frozen and then unfrozen without explanation. THORChain technical co-founder Chad Barraford accused stablecoin issuer Tether of blacklisting the network’s USDt (USDT) vaults without explanation, then unfreezing them hours later. In a Friday X post, Barraford said that Tether had blacklisted THORChain vault addresses, […]
Illustrative image Photo: PexelsExecutive of THORChain says Tether blocked USDT vaults without notice and released addresses later
THORChain Pitches a DEX That Can't Freeze Funds. Tether Just Froze $1.45M in Its Vaults
A decentralized exchange built on the promise that nobody can freeze your funds just had $1.45 million frozen by someone it doesn't control . On October 9, Tether blacklisted THORChain vault addresses on Tron, locking USDT that sits inside the protocol's own custody. For a project whose pitch is "no…
Tether froze USDT 1.45 million from four THORChain vaults in Tron and lifted the measure three hours later. The bottoms returned intact. The Tether entrance freezes USDT 1.45 million in THORChain and reverses the order three hours later appears first in Merca2.
Tether blocked about USD 1.45 million in four THORChain vaults over Tron and stopped its exchanges on that network. The company reversed the blacklist about three hours later, but the episode put the focus on the issuer's freezing power and on the concentration of liquidity within DeFi protocols.
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