The post The need for checking wallets for contaminated assets  appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With an increasing number of funds being blocked by exchanges due to AML checks, any cold wallet receiving USDT could face risks; verifying asset cleanliness is crucial. Recently, cases of funds being blocked by exchanges under the pretext of AML checks have become more frequent. Any cold wallet receiving USDT could be at risk.  Users might deposit USDT from their wallet to an exchange, and suddenly, their funds get blocked due to an AML check. This leads to a long dispute with support, where the user has to prove that they are not involved in any illegal activities.  Such disputes with customer support can last up to 6 months. Why deal with such problems? Users can check their USDT in advance for sanctions and risks using any service from this list. Traders will receive a detailed report on the contamination level of their assets, as well as recommendations on which exchanges might pose a risk for their funds.  Additionally, they can subscribe to platform’s private channel, where they share strategies to multiply capital without risk. USDT blockchain precedents: lessons not to ignore Bitfinex exchange asset freeze in 2018 Bitfinex, one of the largest cryptocurrency exchanges, came under investigation in 2018. The US froze the exchange’s funds, including large amounts of USDT, due to suspected financial regulatory violations. This caused panic in the market and led to losses among users whose funds were linked to suspicious transactions. Confiscation of funds worth $30 million in 2021 In 2021, Tether Limited, the issuer of USDT, froze $30 million in funds related to suspicious transactions at the request of law enforcement agencies. In this case, even users who may not have been involved in…

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Filed under: News - @ March 4, 2025 4:29 pm