Tether, providing the largest stablecoin USDT in the world, frozen more than $ 12.3 million of digital assets on the Tron network, which continues its clampdown on prohibited activity in the crypto space.
Tether froze the USDT (USDT) at 9:15 am UTC on June 15 in Tron, Blockchain Data from the shows in the tronscan.
While Tether has not released a statement to the public, the freeze is likely to come from concerns with potential penalties violations or anti-money laundering (AML) risks.
“Tether implemented a strict freezing policy policy to combat the launch of money, nuclear proliferation and terrorist financing and also aligned the OFAC list specially designated Nationals (SDN),” Tether wrote on a March 7 blog Post.
The policy is aligned with the list of penalties of the US Treasury’s Office of Foreign Assets Control (OFAC).
The cointelegraph reached Tether to comment on the funding of the fund but did not receive a response through the time of publication.
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Tether’s freezing capabilities received a revised interest on March 6 when it Frozes $ 27 million in USDT in Garatex Crypto Exchange.
On the same day, the exchange stopped operations, claiming that “Tether entered the war against the Russian crypto market and blocked our purses worth more than 2.5 billion rubles ($ 27 million).”
In April 2022, ofac became the first creature to place penalties In Garantex, claiming that the exchange has ignored AML and other regulatory requirements.
Despite the previous Freeze, the blockchain analytics firm Global Ledger has identified more than $ 15 million in active reserves tied to Garantex On June 5, Cointelegraph reported.
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The funds associated with Lazarus under thorough investigation
While some decentralization advocates criticized the ability to freeze Tether’s property, the mechanism prevented hundreds of million dollars worth of crypto from being laundered by illicit actors.
The T3 Financial Crimes Unit (FCU), led by Stablecoin Issuer Tether, the Tron Network and TRM Labs, Together -Sama Frozes $ 126 million The USDT value in its first six months, Cointelegraph reported in January 2025.
The FCU has been formed to assist worldwide law enforcement agencies in freezing illicit transactions.
Lazarus is among the most prominent groups of crypto hackers, first emerging in 2009 and Stealing more than $ 3 billion in crypto Assets in six years leading to 2023.
The importance of these initiatives has been highlighted by the group supported by Lazarus of North Korea, which Laundered over $ 200 million worth stolen crypto between 2020 and 2023.
More than $ 374,000 worth of stolen funds were tether’s blacklist in November 2023, while three of Stablecoin’s four relevant rectangles had an additional $ 3.4 million sitting in a cluster of addresses associated with Lazarus, according to ZachXBT.
https://www.youtube.com/watch?v=MQJ9248C7UC
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