Tether Freezes USDT $ 160M

Tether заморозил USDT на сумму 160 млн долларов

  • Tether blacklisted three more Ethereum addresses
  • More than 160 million dollars
  • This suggests that soon we will see the heyday of DeFi- stablecoins

Tether is a centralized issuer, therefore they can blacklist any addresses they want. According to Etherscan, this night the company froze three addresses for a total of over 169 million dollars.

For the first time, Tether began to freeze suspicious wallets in their opinion back in year. Since then, they have blacklisted 576 addresses .

Reason for blocking

The company does not advertise the reasons that prompted such an action. But usually they have the standard arguments – the fight against crime and suspicious activity.

Sometimes blocking helps to recover money stolen by hackers. This happened after the Kucoin hack in September 2021. Then Tether froze the money that the criminals transferred here (approximately 100 million dollars).

In 2022 hackers’ appetites reached unprecedented proportions. Chainanalysis calculated that the criminals took away 20 billion dollars in cryptocurrency. A year earlier, the amount was “only” $ 7.8 billion.

But the ban does not always have objective reasons. The issuer sometimes blocks accounts for preventive purposes when there is any suspicion.

Another step towards DeFi?

The crypto community reacts ambiguously to such liberties. Therefore, recently, the popularity of decentralized issuers has been growing – for example, TerraUSD.

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