Tether Freezes $46 Million USDT Following Law Enforcement Request

Stablecoin issuer Tether has frozen $46 million of USDT held on the Tron blockchain by failing crypto exchange FTX following a request from law enforcement. This action, reported by CoinDesk and confirmed by a Tether executive, underscores the stablecoin's compliance with regulatory requests.

Stablecoin issuer Tether has frozen $46 million of USDT on the Tron blockchain following a request from law enforcement. The reputable stablecoin has complied with the request, an action consistent with its operational guidelines.

Tether, a stablecoin issuer, has frozen $46 million worth of stablecoin USDT after a request from law enforcement, according to a Tether executive that spoke to CoinDesk. The Coindesk reported that Tether has just frozen $46 million USDT at the request of law enforcement.

According to blockchain transaction data provided by WhaleAlert on Nov. 10, Tether appears to have frozen 46,360,701 USDT (USDT) ($46,274,472) owned by troubled entities. This action highlights Tether's ability to react swiftly to official requests and reinforces its position within the cryptocurrency ecosystem.

The frozen USDT, residing on the Tron blockchain, demonstrates Tether's commitment to security and regulatory compliance. Law enforcement agencies initiated the request, prompting Tether to act decisively and freeze the funds. This event underscores the ongoing scrutiny of the cryptocurrency industry and the role of stablecoins in maintaining a transparent and secure environment.

This latest freeze further solidifies Tether's position as a significant player within the stablecoin market while adhering to the demands of authorities.