Tether Freezes 41 Crypto Wallets Tied to Sanctions

Stavelcoin issuer Tether on Saturday froze 41 wallets controlled by people on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals (SDN) list.

Tether described the move as a “precautionary measure.” blog post.

On-chain data show It has been revealed that several wallets have been using the coin mixing service Tornado Cash over the past six months.one of frozen wallet According to the US Treasury Department, the incident is also related to the $625 million Ronin Bridge attack carried out by the North Korean hacker group Lazarus Group.

“By implementing a voluntary freeze of newly added wallet addresses to the SDN list, as well as previously added addresses, we will further strengthen the active use of stablecoin technology and ensure that all users We can foster a more secure stablecoin ecosystem,” said Paolo Ardoino, CEO of Tether.

In October, Tether froze 32 wallets linked to terrorism and war in Ukraine and Israel. It also froze $225 million related to a human trafficking syndicate last month following an investigation by the U.S. Department of Justice.

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