Tether Freezes 870,000 USDT Across Three Suspected Wallets

Tether has frozen 870,000 USDT across three cryptocurrency wallets, as reported by the experts from the MistTrack service.

MistTrack Alert: @Tether_to has frozen a total of around 870k $USDT linked to three specific addresses:

Frozen Address:
TGi8tjX3zh3hMVrnpyySwC41qz1L9HZDfU — This address has been involved with transactions on #WhiteBIT and #OKX.

Frozen Address:… pic.twitter.com/48c4sY30hS

According to MistTrack, the first address (TGi8…ZDfU) was utilized for transactions with the exchanges WhiteBIT and OKX.

Representatives from WhiteBIT have denied any association with the address TGi8…ZDfU mentioned by MistTrack analysts.

«We always welcome news and events that contribute to the cleansing of the market, particularly in the realm of AML. It’s crucial to note that the addresses in question are not affiliated with WhiteBIT in any way. Anyone with basic on-chain analysis skills can verify that there has been no direct transaction exchange between WhiteBIT and the mentioned addresses,» the platform’s representatives commented.

The second address (0xa1…c53f) has been flagged as a source of funds tied to theft, phishing, and schemes like “romantic scams.”

The third address (0xca…73b8) has interacted with wallets involved in transactions on the Gate.io exchange.

Tether consistently freezes funds that are associated with illicit activities. According to Dune Analytics, the company has blocked a total of 2,192 addresses containing USDT, amounting to $1.4 billion.

It’s worth noting that on March 6, Tether froze wallets belonging to the Russian exchange Garantex, totaling over 2.5 billion rubles.