Tether freezes $344M USDt stablecoins at US law enforcement request

The stablecoin issuer cited "activity tied to unlawful conduct” but no further explanation for the freezing of the dollar-pegged tokens held in two wallet addresses.

Tether, the company that issues the USDt dollar-pegged stablecoin, said Thursday that it froze more than $344 million in USDt at the request of US law enforcement officials. 

The company froze two wallet addresses at the request of US authorites for “activity tied to unlawful conduct,” according to Tether’s announcement.

Tether did not provide a specific reason for the asset freezes, but said that it freezes wallet addresses tied to “sanctions evasion, criminal networks, or other illicit activity.”

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