On June 15, Tether, the issuer of the USDt stablecoin, froze over $12.3 million worth of digital assets on the Tron Network. This action, which occurred at 9:15 am UTC, is part of Tether's ongoing efforts to combat illicit activities within the cryptocurrency space. (Source: Cointelegraph, Date: June 15)
The freeze likely addresses concerns about potential sanctions violations or Anti-Money Laundering (AML) risks. Tether has a strict policy of freezing wallets to combat financial crimes. (Source: Cointelegraph, Date: June 15)
This recent freeze follows previous actions, including a $27 million freeze on the Garantex crypto exchange on March 6. The T3 Financial Crimes Unit, involving Tether, the Tron Network, and TRM Labs, has frozen $126 million worth of USDT in its first six months. (Source: Cointelegraph, Date: June 15)