Tether Freezes Millions of Dollars USDT in 40 Addresses Amid Regulatory Pressure

Stablecoin issuer Tether has blacklisted 40 Ethereum addresses holding millions of dollars of the tether cryptocurrency, 24 of which were banned this year. Tether has banned 40 Ethereum addresses holding millions of dollars of the stablecoin USDT, according to an analysis by Ethereum researcher Philippe Castonguay who shared his findings on Dune Analytics.

“Tether routinely assists law enforcement in their investigations,” Stuart Hoegner, general counsel at Bitfinex, Tether’s sister company, told The Block. This week, the Centre Consortium blacklisted an address with $100,000 worth of the USDC stablecoin in response to a request from law enforcement.

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