Tether, the issuer of the world’s largest Stablecoin, USDT, frozen over 12.3 million dollars of digital assets in the Throne network, continuing to limit illegal activity in the cryptographic space.
Tether froze USDT (USDT) at 9:15 UTC Sunday on the throne, blockchain data He showed from Tronscan.
Although Tether has not issued a public statement, freezing may result from concerns about potential violations of sanctions or the risk of preventing money laundering (AML).
“Tether forces a strict policy related to giving up the portfolio in order to combat money laundering, nuclear proliferation and terrorist financing, and is also adapted to the OFAC list of specially designated citizens (SDN)”, Tether wrote on the blog of March 7 post.
Politics is in line with the list of sanctions of treasury treasury treasury treasury treasury (OFAC).
Cointelegraph contacted imprisonment to comment on the freezing of the fund, but did not receive a response by publication.
Related: The Chinese salesman washed over USD 17 million for the Lazarus Group in 25 hacks
The skills of freezing Tether assets received resumed interest on March 6, when he froze $ 27 million in USDT at Garaantex Crypto Exchange.
On the same day, the exchange stopped the activity, claiming that “Tether entered the war with the Russian cryptographic market and blocked our portfolios worth over 2.5 billion rubles [$27 million]. “
In April 2022, OFAC became the first entity to place sanctions in the Garaantex case, claiming that the exchange disregarded AML and other regulatory requirements.
Cointelegraph announced that despite the previous freezing, Blockchain Analytics Analytics has identified over $ 15 million in busy reserves related to GARANTEX on June 5.
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Funds related to Lazarus under control
While some supporters of decentralization criticized the ability to freeze Tether assets, the mechanism prevented hundreds of millions of dollars of cryptocurrencies from washing through illegal actors.
The unit of financial crimes T3 (FCU), headed by the issuer Stablecoin, Thron Network and TRM Labs, froze in the amount of USD 126 million in the first six months, Cointelegraph informed in January 2025.
FCU was created to facilitate law enforcement agencies around the world in freezing illegal transactions.
The importance of these initiatives was emphasized by the North Korean Lazarus group supported by the state, which washed the stolen crypto in 2020–2023 with a value of over $ 200 million.
Lazarus is one of the most notable groups of cryptographic hackers, appeared for the first time in 2009 and steals over $ 3 billion in cryptographic asset in six years preceding 2023.
According to ZachxBT according to Zachxbt, over $ 374,000 stolen funds on the black list on the black Tetheru list, while three of the four issuers of Stablecoin were on the black list of an additional $ 3.4 million in the address cluster related to Łazar, according to Zachxbt.
https://www.youtube.com/watch?v=MQJ9248C7UC
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