Tether Freezes 870K USDT in Action

Tether Freezes 870,000 USDT in Fraudulent Wallets

• Tether froze 870,000 USDT across three wallet addresses.
• One address on the TRON network interacted with WhiteBIT and OKX exchanges.
• An Ethereum network address was involved in phishing and Pig Butchering scams.
• The third address is linked to the Gate.io exchange.
• Earlier in 2024, Tether froze a total of 49.2 million USDT for similar reasons.

Tether’s recent action freezing 870,000 USDT highlights their ongoing efforts to combat fraud within the cryptocurrency sector, following a larger freeze of 49.2 million USDT earlier this year.