Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Tether has a wallet freeze policy in line with US regulations.
ADOPTION NEWS

Tether has a wallet freeze policy in line with US regulations.

By Crypto FlexsDecember 11, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Tether has a wallet freeze policy in line with US regulations.
Share
Facebook Twitter LinkedIn Pinterest Email

Tether, the most prominent stablecoin issuer, has made great strides in strengthening cooperation with regulators and law enforcement. As of December 1, Tether implemented a voluntary policy to freeze wallet activity linked to people on the Specially Designated Nationals (SDN) list maintained by the U.S. Office of Foreign Assets Control (OFAC). The following list includes individuals and entities controlled or owned by sanctioned countries.

Tether has recently strengthened its commitment to combat cybercrime amid growing concerns about the use of cryptocurrencies for illicit activities, including sponsoring terrorist organizations and illegal drug trafficking. Our proactive efforts to work closely with regulators and law enforcement agencies around the world are represented by our new wallet freeze policy, which complements the security protections already in place. In the past, Tether has taken a less aggressive stance, most notably in August 2022 when it said it would not freeze sanctioned Tornado Cache addresses unless instructed to do so by law enforcement.

These restrictions are believed to have been deliberately chosen to prevent criminals from using Tether’s USDT stablecoin. Paolo Ardoino, CEO of Tether, noted that this project will further enhance the excellent application of stablecoin technology and create a more secure environment for all users. Additionally, the actions taken by the company are an expression of its commitment to maintaining rigorous safety standards and building relationships with regulatory agencies.

According to the new policy implemented by Tether, 41 wallets have already been locked, some of which are connected to coin mixing services such as Tornado Cash. Notable incidents include the wallet freeze linked to the Ronin Bridge Attack, which is suspected to be the work of the North Korean hacker organization Lazarus. The cost of the attack is estimated at $625 million. To learn more: Tether has frozen wallets linked to terrorist organizations in Israel and Ukraine, as well as over $225 million USDT linked to an international human trafficking ring involved in cryptocurrency romance scams.

With the most recent regulations, Tether has set a new standard for the cryptocurrency market, bringing significant changes to the cryptocurrency business landscape. This indicates that the company is ready to cooperate with regulators to combat illegal activities. It also signals our commitment to strengthening the integrity of the cryptocurrency sector and protecting the ecosystem from misuse.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

BTC RSI hits April low as Coinbase premium turns red.

October 18, 2025

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025
Add A Comment

Comments are closed.

Recent Posts

ETFs and liquidity drive outlook for 2026

October 19, 2025

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Billionaire Tim Draper Leads $3.2M Seed Round For Ryder To Replace Seed Phrases With TapSafe Recovery

October 18, 2025

IRANcoin Global Reserve (IRCOIN) launches to reshape global digital payments

October 18, 2025

Fusaka Update – Information for Blob Users

October 18, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 18, 2025

BTC RSI hits April low as Coinbase premium turns red.

October 18, 2025

The Great Inheritance and Crypto: What you need to know.

October 17, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 17, 2025

AI and Bitcoin mining stocks soar after OpenAI closes multibillion-dollar chip deal with AMD

October 17, 2025

MEXC Celebrates ZEROBASE (ZBT) Listing With Airdrop+ Event Featuring 55,000 USDT Prize Pool

October 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ETFs and liquidity drive outlook for 2026

October 19, 2025

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Billionaire Tim Draper Leads $3.2M Seed Round For Ryder To Replace Seed Phrases With TapSafe Recovery

October 18, 2025
Most Popular

The Daily: ‘Promising’ spot Bitcoin ETF inflows, Worldcoin begins operations in Malaysia, etc.

August 17, 2024

Issue running Bitcoin feature test ‘feature_bind_port_discover.py’ on Ubuntu

January 1, 2024

Coinbase Violation: The attacker requires a ransom of $ 20 million

May 17, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.