Tether’s $700M Freeze Targets Iran-Linked Crypto Wallets
The post Tether’s $700M Freeze Targets Iran-Linked Crypto Wallets appeared on BitcoinEthereumNews.com. Tether has frozen 112 wallets holding roughly $700 million in USDT on the Tron and Ethereum blockchains, a move linked to Israel-Iran tensions and stablecoin legislation in the US.
The bulk of the frozen wallets are reportedly hosted on the Tron blockchain. The 112 frozen addresses received nearly $700 million in USDT before being frozen, with the top 4 wallets locked down 4 days ago.
The leading 40 wallets are all on Justin Sun’s Tron blockchain. Iranian exchanges primarily use Tron USDT.
The action was first highlighted by the on-chain analyst known as Cryptadamist.
Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism.
With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.