Tether commits to freezing addresses linked to sanctions as sc | • CRYPTO NEWS • #BTC • #ETH •
Tether commits to freezing addresses linked to sanctions as scrutiny over USDT misuse grows
Stablecoin issuer Tether the firm would freeze any addresses linked to sanctioned entities. This decision comes in response to reports indicating that some state actors were leveraging Tether’s USDT tokens to circumvent US sanctions. Over the past year, the company has proactively frozen addresses, holding significant amounts of its digital assets involved in unlawful activities. For example, the firm froze 32 addresses holding $873,118.34 connected to illicit activities in Israel and Ukraine last year.
