Summary
- Tether reportedly froze USDT worth $12.3 million from addresses suspected of money laundering.
- Cointelegraph reported that the freeze occurred on the Tron (TRX) network and added that it may be related to sanctions violations or anti-money laundering measures.
- Tether has announced it is implementing a strict wallet freezing policy and is linked to the U.S. Treasury OFAC sanctions list.
Tether (the issuer of the US dollar-based stablecoin USDT) has reportedly frozen $12.3 million from addresses suspected of money laundering.
On the 16th (local time), Cointelegraph reported, "Tether continues its crackdown on illegal activities in the crypto asset (cryptocurrency) market," adding, "The previous day, it froze $12.3 million USDT on the Tron (TRX) network." The report went on, "Tether has not yet released an official statement," but added, "This may be related to sanctions violations or anti-money laundering measures."
However, Tether reportedly did not respond to media requests for comment.
Meanwhile, on March 7 (local time), Tether stated on its blog, "Tether is implementing a strict wallet freezing policy," adding, "It is also linked to the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctions list."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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