TechFlow news, according to The Block citing Etherscan data, Tether will block U.S.-sanctioned wallets from using its stablecoin USDT. Yesterday, Tether froze 161 Ethereum wallets—150 of which currently hold no USDT, and it remains unknown whether they previously held USDT or in what amounts. Among the frozen wallets, 11 hold over 3.5 million USDT, with one address holding 3.4 million. ZachXBT has linked this address to the recent hack suffered by Stake. Two other addresses each hold approximately 20,000 USDT, a third holds nearly 60,000 USDT, and another wallet holds just $0.16 worth of USDT.
Previous report: Tether announced a new initiative aimed at protecting the cryptocurrency ecosystem. On December 1, 2023, the company introduced a new voluntary wallet freezing policy to combat activities linked to individuals and entities on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list, including companies and individuals controlled by or located in sanctioned countries. Tether is now extending this policy to secondary markets and has already implemented sanction controls on wallets across its platform.
