Tether, the creator of the USDT stablecoin, has taken steps to restrict access to three addresses that hold a total of 49.2 million USDT.
According to Whale Alert, the first address holds 21.67 million USDT. In addition, this wallet holds 3,331 ETH worth $7.68 million, according to Debank.
The second address contains 16.48 million USDT and about 35.2 ETH worth about $81,000. Meanwhile, the third wallet holds 11.05 million USDT and 0.47 #ETH worth over $1,000.
❄ An address with a balance of 21,692,098 #USDT (21,687,108 USD) has just been frozen!https://t.co/WKfjp0Lze1 — Whale Alert (@whale_alert) February 2, 2024
It's worth noting that all three addresses are potentially interconnected. In addition to #stablecoins and Ethereum, each of the addresses also holds MTV and PLS tokens, which are valued at less than $3.
Furthermore, moments before these addresses were blocked, 40 million XRP was transferred to the #Binance exchange.
A similar case of a major blockchain was recorded in November 2023, when Tether froze $225 million in cryptocurrency wallets linked to an international criminal organisation. In addition, the USDT issuer blocked another 161 wallets in December.
