THORChain’s Chad Barraford Accuses Tether of Freezing USDT Vaults
- Tether blacklisted THORChain vault addresses, freezing approximately 1.45 million USDT across four wallets.
- Chad Barraford reported the freeze on social media and noted that trading would resume after the addresses were unfrozen.
- Barraford stated there was no prior communication with Tether regarding this action and expressed hope it was a misunderstanding.
- Earlier in the week, Conduit Technology filed a lawsuit against Tether for allegedly freezing $2.76 million in USDt tied to a Brazilian investigation.
- In August, two Thai nationals sued Tether for freezing $42.4 million in USDt based on an informal request from US authorities.
The incident highlights ongoing tensions between stablecoin issuers and users regarding asset control and transparency, especially as legal actions against Tether increase over frozen funds.
Tether’s actions led to the temporary freeze of 1.45 million USDT, raising questions about their communication practices with networks like THORChain amidst ongoing lawsuits over larger amounts of frozen assets.(Source)
