Tether freezes $514M USDT in 30 days, Tron leads

Tether froze $514M in USDT on 370 addresses in 30 days, mainly on Tron. Total frozen USDT now exceeds $4.2B, raising concerns about Tether's centralized control.

Tether has frozen more than $514 million in USDT across the Tron and Ethereum blockchains over the past 30 days, blacklisting around 370 wallet addresses. Most of the frozen funds—about $505.9 million—were linked to 328 Tron addresses, while $8.7 million was frozen on 42 Ethereum addresses. This enforcement is part of Tether’s ongoing efforts to block suspicious or illicit fund movements. Tron has become the main network for such actions due to its high transaction volume and low fees. With these recent actions, the total value of frozen USDT now exceeds $4.2 billion. Tether’s freeze operations have accelerated in 2024, sparking debate within the crypto community about issuer authority and the implications for user autonomy.