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Tether Freezes $160M of USDT Stablecoin on Ethereum Blockchain

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  • Stablecoin issuer Tether froze three Ethereum addresses holding over $160 million worth of USDT, according to data from Etherscan.
  • The three accounts will now not be able to move funds anymore.

  • Tether has said in the past that it regularly works with regulators to supervise suspicious accounts.

  • Tether, which issues tokens on several blockchains, began blacklisting addresses following a November 2017 breach in which the firm said $30 million of USDT was stolen.

DISCLOSURE

Helene is a U.S. markets reporter at CoinDesk.

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