The post Tether Freezes $12 Million of USDT on Tron Network appeared on BitcoinEthereumNews.com.

Tether, issuer of the world’s largest stablecoin, USDt, has frozen over $12.3 million of digital assets on the Tron Network, continuing its clampdown on illicit activity in the crypto space. Tether froze the USDt (USDT) at 9:15 am UTC Sunday on Tron, blockchain data from Tronscan showed. While Tether has not issued a public statement, the freeze may stem from concerns over potential sanctions violations or Anti-Money Laundering (AML) risks. “Tether enforces a strict wallet-freezing policy to combat money laundering, nuclear proliferation and terrorist financing and is also aligned with the OFAC Specially Designated Nationals (SDN) List,” Tether wrote in a March 7 blog post. The policy is aligned with the US Treasury’s Office of Foreign Assets Control (OFAC) sanctions list. Cointelegraph reached out to Tether for comment on the fund freeze but had not received a response by publication time. Tether freezes $12.3 million USDT. Source: Tronscan Related: Chinese trader laundered more than $17M for Lazarus Group in 25 hacks Tether’s asset-freezing abilities received renewed interest on March 6 when it froze $27 million in USDT on the Garantex crypto exchange.  That same day, the exchange halted operations, claiming that “Tether has entered the war against the Russian crypto market and blocked our wallets worth more than 2.5 billion rubles [$27 million].” In April 2022, OFAC became the first entity to place sanctions on Garantex, claiming that the exchange disregarded AML and other regulatory requirements. Garantex ETH flows. Source: Global Ledger Despite the previous freeze, blockchain analytics firm Global Ledger identified more than $15 million in active reserves tied to Garantex on June 5, Cointelegraph reported. Related: Top 100 DeFi Hacks: Offchain attack vectors account for 57% of losses Lazarus-linked funds under scrutiny While some decentralization advocates have criticized Tether’s asset-freezing ability, the mechanism has prevented hundreds of millions…

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Filed under: News - @ June 16, 2025 7:27 pm