Tether freezes $344 million in USDT on Tron tied to illicit acitivity

Tether freezes $344 million in USDT on Tron tied to illicit acitivity

The stablecoin issuer said the action followed U.S. law enforcement requests as global watchdog FATF warned of growing role of digital dollars in illicit money flows.

Tether Freezes $344 Million USDT Stablecoins Flagged For Illicit Activity

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Tether freezes $344M USDT linked to illicit activity on Tron

Tether freezes $344M USDT linked to illicit activity on Tron

Tether Freezes $334 Million in Stablecoins Linked to Illegal Activity

Stablecoin issuer Tether said it has frozen $344 million in stablecoins linked to illegal activity. The company announced the freeze Thursday (April 23), saying it came following information shared by U.S. authorities about activity connected to unlawful actions. “When wallets are identified as connected to sanctions evasion, criminal networks, or other illicit activity, Tether can move to restrict those assets,” the company wrote in a…

Unexpected Blockade: Tether Takes Decisive Action Against Questioned Funds

The post Unexpected Blockade: Tether Takes Decisive Action Against Questioned Funds appeared on BitcoinEthereumNews.com. In a move reflecting its regulatory compliance, Tether, well-known for its stablecoin dominance, has halted $344 million in USDT assets from two wallets on the Tron blockchain. This action arose following revelations of suspicious activity linked to these digital addresses, sparking intervention at the behest of U.S. Continue …

Tether Freezes $344M USDT in Major Crackdown on Illicit Crypto Activity

Tether confirmed on Wednesday, April 23, that it has frozen 344 million dollars worth of USDT after identifying two digital wallet addresses linked to suspicious activity. The action stopped further movement of funds.  The company said it acted quickly after receiving verified intelligence from authorities, marking another instance of intervention aimed at limiting misuse of digital financial systems. The freeze followed coordinated communicatio…