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Home»ADOPTION NEWS»Here are the reasons why Tether blacklisted 5 TRON addresses:
ADOPTION NEWS

Here are the reasons why Tether blacklisted 5 TRON addresses:

By Crypto FlexsJanuary 3, 20242 Mins Read
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Here are the reasons why Tether blacklisted 5 TRON addresses:
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Tether, a leading stablecoin issuer, recently blacklisted five new addresses on the TRON blockchain. This action, reported by ChainArgos, highlights the ongoing investigation and proactive measures taken by Tether to maintain the integrity and security of its network.

Tether’s latest blacklist

ChainArgos, a blockchain intelligence company, exposed Tether has blacklisted 5 new addresses on the TRON blockchain. These addresses are TU4isedhHXquDQQvyK4CVGNRDWTvwqTpxR, TSrYN29e3yaCCQmwRsJjcYUHaH8sF5gENC, TLA6AgDY2Vkbm4LSBDp5NAAwXG2sUysbN9, TTxG1K83vkWz9XFLZJSberhvrZghHVDW5B, and TEUDYsGY It is. bPShTeqJMZ6GdA2ydj4j1UkyW3. In particular, addresses ending in ysbN9 suffered losses of over 1.2 million USDT.

Background on Tether’s blacklisting practices

Historically, Tether has actively blacklisted addresses from its network. As of July 2020, Tether had blacklisted 39 Ethereum addresses for various reasons ranging from law enforcement requests to being proactive in the recovery of stolen funds.​​​​​​​​​​ These blacklisted addresses are: In total, they hold millions of dollars worth of USDT, with the largest address holding over 4.5 million USDT.

Reasons for blacklisting

Tether blacklists addresses for a variety of reasons, including links to criminal activity, as a precaution against potential fraud or Ponzis, and in response to law enforcement investigations.​​​​. In some cases, addresses are blacklisted to prevent errors or prevent others from making errors. Tether’s general counsel said the company regularly supports law enforcement and has helped users and exchanges recover tens of millions of dollars stolen by hackers through its address freeze feature.

Impact on affected addresses

When Tether blacklists an address, any existing coins in the address will be frozen as it will no longer be able to transact with USDT. This action has significant financial implications, especially if large amounts of USDT are stored in the blacklisted address. It can affect you.

Image source: Shutterstock

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