Tether Freezes Around 12 Million USDT in a Certain Address

BlockBeats News, March 14th, according to Whale Alert monitoring, an address on the Tron chain holding 11,960,680 USDT has just been frozen by the issuer Tether.

Tether implements the USDT freezing mechanism through the blacklist feature built into its smart contract. After the admin calls the addBlackList function to add a specific address to the blacklist, all USDT transfers in and out of that address are disabled, the balance remains visible but permanently frozen. This action is usually triggered by money laundering, fraud, or sanctions-related law enforcement requests. Tether has frozen over $4.2 billion worth of USDT in the past few years, with the majority occurring after 2023.