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Tether blocked millions of dollars in USDT at 39 Ehereum addresses

Tether, the issuer of stablecoin USDT, blacklisted a total of 39 Ehereum addresses, freezing the tokens stored on them. This is evidenced by the Dune Analytics service, which was launched by Ehereum researcher Philip Kastongway.

Blacklisted address holders cannot send, receive, or redeem USDT. Tokens cannot be used.

The first wallet lock with stablecoins was recorded by Dune Analytics in November 2017, the address is stored at 909.5 USDT.

In 2020, 20 wallets with a total volume of 5.51 million USDT were blacklisted by Tether. On April 5, the largest amount this year was blocked – $ 4.57 million in stablecoin.

Data: Etherscan

Stuart Högner, Head of Legal, Bitfinex, Tether’s sister company explainedthat the locks are due to cooperation with law enforcement.

“Tether regularly helps law enforcement in their investigations. Thanks to the address freeze function, the company was able to help users and exchanges save and return tens of millions of dollars stolen from them by hackers, ”he said.

Recall, on the eve of the stablecoin issuer, the USDC Center consortium at the request of the authorities for the first time introduced blacklisted Ethereum address with $ 100,000 in cryptocurrency.

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