Quick Take
- Tether said it supported the freeze of more than $344 million in USDT across two Tron addresses after U.S. authorities flagged the wallets for illicit activity.
- The firm said the action was taken in coordination with OFAC and U.S. law enforcement, though it did not identify the underlying case.
Tether said it supported the freeze of more than $344 million in USDT across two Tron addresses, confirming an earlier onchain blacklist action that appears to be one of the largest in the company’s history.
The stablecoin issuer said the freeze was carried out in coordination with the Office of Foreign Assets Control and U.S. law enforcement after authorities shared information tied to unlawful conduct.
In a Thursday notice, Tether did not identify the underlying investigation or say when the wallets were first flagged.
...read more at theblock.co
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This is the difference between Bitcoin and USDT. Real self-custody requires a permissionless network. If you need a CEO's permission to move your funds, you're just using a digital bank account with extra steps.
Seems so obvious right?