Coin界 News reports that on March 14, according to Whale Alert monitoring, 11,960,680 USDT held by a Tron chain address were just frozen by issuer Tether. Tether implements the USDT freezing mechanism through the blacklist function built into its smart contract. After administrators call the addBlackList function to add a specific address to the blacklist, all transfers in and out of USDT from that address become invalid, with the balance remaining visible but permanently locked. This is typically triggered by money laundering, fraud, or enforcement requirements related to sanctions. Tether has cumulatively frozen over $4.2 billion in USDT over the past few years, with most occurring after 2023.
Coin界 News reports that on March 14, according to Whale Alert monitoring, 11,960,680 USDT held by a Tron chain address were just frozen by issuer Tether. Tether implements the USDT freezing mechanism through the blacklist function built into its smart contract. After administrators call the addBlackList function to add a specific address to the blacklist, all transfers in and out of USDT from that address become invalid, with the balance remaining visible but permanently locked. This is typically triggered by money laundering, fraud, or enforcement requirements related to sanctions. Tether has cumulatively frozen over $4.2 billion in USDT over the past few years, with most occurring after 2023.