Tether Blacklists Addresses Holding $21.2 Million Worth of USDT

Blockchain forensic firm PeckShield recently revealed that Tether, the issuer of USDT, has blacklisted four addresses holding a total of $21.2 million worth of the stablecoin. The largest address contained $20 million, while the remaining addresses held less than $500,000 each.

#PeckShieldAlert #Tether Blacklisted Addresses:

0x44c9503188827034377353a9f6d876eea15933c9 (Balance: 20.01M $USDT)

0xc20dcb6c4fec2516e21cf52648177721e2744988 (Balance: 500K $USDT)

0xc0c9baf6bb9b932eef4a60267aa8c530af5cb62c (Balance: 500K $USDT)

The reasons for the blacklisting were not disclosed by Tether, raising questions about potential fraudulent activities or sanctions violations. Tether has blacklisted over 1,200 addresses holding nearly $1 billion worth of USDT as part of its commitment to combat illicit use of stablecoins. This latest action aligns with Tether’s focus on regulatory compliance and know-your-customer (KYC) procedures.

In a letter to U.S. Congressional committees, Tether highlighted its cooperation with regulatory authorities, including the IRS, FinCEN, the Department of Justice, Secret Service, and FBI. This collaboration has resulted in the freezing of hundreds of wallets associated with suspicious activities.

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