- Tether froze 5.2 million USDT tokens as per a Might 14 submit from MistTrack.
- The tokens had been related to 12 Ethereum addresses.
- The addresses may be related to laundering addresses for phishing teams.
Tether, the agency related to the world’s largest stablecoin by market capitalization, froze 5.2 million USDT on Might 14 as per the information from MistTrack, a crypto monitoring and compliance platform.
In a submit on social media platform X (previously referred to as Twitter), MistTrack acknowledged that the stablecoin agency froze 5.2 million USDT on 12 Ethereum addresses tagged as “USDT Banned Tackle” by the crypto monitoring platform.
Notably, these 12 addresses could also be cash laundering addresses for phishing teams. It’s a widespread apply for attackers to withdraw their funds to a different platform and use crypto mixers to launder their cash.
Again in November 2023, the stablecoin issuer introduced the “largest-ever freeze of USDT in historical past” whereas teaming up with digital asset buying and selling platform OKX. Over 225 million USDT tokens related to 37 wallets had been frozen, and the funds had been tied to a human trafficking group on Monday.
Additional, the stablecoin issuer additionally froze 41 wallets managed by these on the Workplace of Overseas Property Management’s (OFAC) Specifically Designated Nationals (SDN) Record in December 2023.You will need to be aware that crypto companies have been actively freezing addresses related to scammers and hackers. As per earlier experiences, Binance and Huobi froze $1.4 million price of crypto property that had been related to Lazarus Group’s Concord Bridge heist in June 2022.
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