USDT issuer freezes Ethereum address with over $4.1m
Tether Holdings Limited, the Hong Kong-based company and the issuer of USDT, the world’s largest stablecoin by circulating supply, has frozen an account holding over $4.1 million of the token on Ethereum, on-chain data on June 19 reveals. Tether freezes $4.1 million of USDT on Ethereum Tether froze $4.11 million of USDT on June 19 without explaining, records captured by WhaleAlert on the same day reveal. You might also like: Tether CTO says $1b USDT minted on Ethereum reserved for chain swapping On Etherscan, an analytics platform for tracking ethereum (ETH) and Ethereum-based tokens, records show that the USDT issuer had marked the wallet as frozen. At the same time, the associated address had four tokens in total. Besides the USDT, other assets were labeled as “suspicious.” It could not be immediately verified where the funds were from and why the USDT issuer decided to freeze the account. On Reddit, a user observed that the frozen account belonged to a Huobi user. Mo