Tether Freezes $344 Million in USDT Linked to Illicit Activity
Tether, the issuer of the USDT stablecoin, froze $344 million in USDT across two blockchain addresses in coordination with OFAC and U.S. law enforcement. The funds were linked to illicit activity, and the freeze was executed rapidly due to the transparency of blockchain technology. Tether is also known for issuing Tether Gold (XAUt), a gold-backed token.
Topics: blockchain illicit activity OFAC regulatory action stablecoin