Tether Freezes Funds in 41 Wallets, Citing ‘Precautionary Measures’

Tether, the issuer of the largest stablecoin by market capitalization, USDT, has frozen 41 digital asset wallets associated with United States sanctions. As per the official announcement, Tether freezes funds within these wallets because they were using Torado Cash, a digital asset mixing platform.

In a December 9 blog post, Tether stated that it seeks to “initiate a new voluntary wallet-freezing policy designed to combat activity connected with sanctioned persons on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals (SDN) List.” The firm added that it aims to provide a “secure and reliable environment” for its users around the globe.

The firm…

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