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.