Tether Freezes 5.2M USDT On 12 ETH Addresses

• Tether froze 5.2 million USDT tokens as per a Could 14 put up from MistTrack.
• The tokens have been related to 12 Ethereum addresses.
• The addresses is perhaps related to laundering addresses for phishing teams.

Tether, the agency related to the world’s largest stablecoin by market capitalization, froze 5.2 million USDT on Could 14 as per the info from MistTrack, a crypto monitoring and compliance platform. 

In a put up on social media platform X (previously often called Twitter), MistTrack acknowledged that the stablecoin agency froze 5.2 million USDT on 12 Ethereum addresses tagged as “USDT Banned Tackle” by the crypto monitoring platform. 

Notably, these 12 addresses could also be cash laundering addresses for phishing teams. It’s a widespread apply for attackers to withdraw their funds to a different platform and use crypto mixers to launder their cash. 

Again in November 2023, the stablecoin issuer introduced the “largest-ever freeze of USDT in historical past” whereas teaming up with digital asset buying and selling platform OKX. Over 225 million USDT tokens related to 37 wallets have been frozen, and the funds have been tied to a human trafficking group on Monday.

Additional, the stablecoin issuer additionally froze 41 wallets managed by these on the Workplace of International Belongings Management’s (OFAC) Specifically Designated Nationals (SDN) Listing in December 2023.It is very important notice that crypto companies have been actively freezing addresses related to scammers and hackers. As per earlier reviews, Binance and Huobi froze $1.4 million value of crypto property that have been related to Lazarus Group’s Concord Bridge heist in June 2022.