Summary
- Tether is reported to have frozen 112 cryptocurrency addresses following the recent armed conflict between Israel and Iran.
- The frozen addresses are based on the Ethereum (ETH) and Tron (TRX) networks, holding about $700 million worth of tokens.
- This measure is aimed at blocking illegal capital flows and enforcing international sanctions, and investors are advised to pay attention to network and regulatory risks.
The stablecoin issuer Tether (USDT) has reportedly frozen 112 cryptocurrency wallet addresses following the recent armed conflict between Israel and Iran.
According to Dune Analytics data on the 24th (local time), the frozen addresses are wallets based on the Ethereum (ETH) and Tron (TRX) networks and held about $700 million worth of tokens. Among the frozen wallets, the top 40 by assets were all based on the Tron network.
Tether's action is believed to have been taken to block illegal capital flows and as part of international sanctions following the armed conflict between Israel and Iran.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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