🚀 Tether Proactively Enforces Sanction Compliance
posted 11 Dec 2023
Tether has frozen nearly 161 Ethereum wallets, with only 11 holding USDT.
Tether has frozen nearly 161 Ethereum wallets, with only 11 holding USDT.
One of these wallets was found to hold $3.4 million, associated with the Stake platform hack.
Another owner of a sanctioned wallet managed to withdraw approximately $400,000 the day before the freeze.
This decision aligns with the company's recent adoption of a new policy allowing for the voluntary freezing of wallet addresses.
As outlined in Tether's blog, this initiative is a precautionary measure to enhance cooperation with global regulatory and law enforcement bodies, aiming to ensure the secure usage of stablecoins.
