Tether freezes over $500M of USDT in 30 days, BlockSec data shows

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USDT Freeze Tracker. Source: BlockSec Tether has also disclosed larger aggregate totals and detailed some of the cases behind them. In February, the company said it had frozen about $4.2 billion in tokens in three years over links to illicit activity, with some $3.5 billion of that amount locked since 2023 as authorities increased efforts to curb crypto-related crime. In April, Tether said it worked with the US Treasury’s Office of Foreign Assets Control and law enforcement agencies to freeze more than $344 million in USDT across two Tron addresses that US officials said were linked to suspected sanctions evasion involving Iran, while in February, Tether helped authorities to seize over $61 million in USDT linked to so-called pig butchering scams. Related: Tether reports $1.04B profit in Q1 as Treasury holdings reach $141B The growing scale of blacklisting and related seizures has fed into a broader debate over how far crypto issuers and protocols should go in stopping suspect flows. Some projects in decentralized finance, for example, have used upgradeable contracts and admin controls to halt or recover funds in major exploit cases, raising questions about who decides when such powers are used. In stablecoins, where issuers such as Tether retain direct control over minting and burning mechanisms, onchain data and enforcement disclosures show that blacklisting and freezes are now used regularly in fraud, sanctions and scam investigations. Tether and the Tron network did not immediately respond to Cointelegraph’s requests for comment. Market Moves: Why is Ethereum Foundation selling? BTC futures warning signs More on the subject

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