Tether has blacklisted three Ethereum (ETH) addresses holding a total of $150 million worth of USDT stablecoins.
The company behind the centralized stablecoin USDT Tether, money laundering and other illegal activities addresses suspected of being found November 18, 2017 It has been added to the blacklist ever since. In total, from the start of the implementation address 563 Blacklisted Tether has been blacklisted within the last year. 312 new addresses added. Tether, 150 million dollars worth USDT containing three Ethereum addresses adding to blacklist The first USDT freeze in 2022 has accomplished.
Tether, which is known to use blacklisting application mostly in cyber attacks and law enforcement applications, explanation on why the three new addresses were blacklisted not found.
September 2020 took place on Kucoin hackAfter Tether, hackers USDT worth $35 million so that they can’t benefit from the money they get had frozen.
Although Tether states that it uses blacklisting on addresses that engage in illegal activities, some crypto investors have said that this implementation of the central stablecoin “bad mindedThere are concerns that it can be used as a ”. These investors’ concerns are Tether’s decentralized competitor. TerraUSD (UST) is thought to contribute to its further adoption.
CoinGecko according to data $78.1 billion leading among all stablecoins by market cap Tetherdecentralized competitor of TerraUSD if 10.6 billion dollars It ranks fourth among all stablecoins by market capitalization and first among decentralized stablecoins.