Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • 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

The best Solana depin project to form the future -Part 2

September 8, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025
Add A Comment

Comments are closed.

Recent Posts

As Crypto Market cools down, NFT sales decrease from 20%to +$ 102m.

September 8, 2025

Bitcoin, Ethereum and Dogecoin dominate social buzz

September 8, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025

The August password hacking was $ 163 million as the risk of Exchange increased.

September 7, 2025

The Senate encryption bill adds a provision for treating tokenized stocks as securities.

September 7, 2025

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 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

As Crypto Market cools down, NFT sales decrease from 20%to +$ 102m.

September 8, 2025

Bitcoin, Ethereum and Dogecoin dominate social buzz

September 8, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Most Popular

House ‘rights’ to pursue encryption bill later in session for more progress

June 2, 2024

buckle tree structure | Ethereum Foundation Blog

January 1, 2024

XRP price faces 4th quarter rout and 20% decline

November 25, 2023
  • 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.