Home Coins Tether (UDST) Tether has blacklisted 39 Ethereum addresses that maintain tens of millions of...

Tether has blacklisted 39 Ethereum addresses that maintain tens of millions of {dollars} value of USDT


Stablecoin issuer Tether has blacklisted a complete of 39 Ethereum addresses that maintain the USDT stablecoin.

Philippe Castonguay, an Ethereum researcher at Horizon Video games, has created a dashboard on Dune Analytics, which reveals that Tether had moved to ban the addresses starting in November 2017.

Of the 39 addresses recognized by Castonguay, 24 of these had been blacklisted throughout 2020. A follow-up evaluation of the addresses by The Block reveals that $5.51 million value of USDT is being held in addresses blacklisted this 12 months. The biggest holding — $4.56 million — was blacklisted on April 5. 

Blacklisting signifies that the addresses in query can not ship, obtain or redeem USDT. In impact, the Tether tokens held in these addresses have been rendered unusable.

When reached for remark, Stuart Hoegner, normal counsel at Bitfinex, a sister firm of Tether, instructed The Block that Tether works with worldwide regulation enforcement businesses and strikes to dam addresses when needed.

“Tether routinely assists regulation enforcement of their investigations… By way of the freeze handle characteristic, Tether has been capable of assist customers and exchanges to save lots of and get well tens of tens of millions of {dollars} stolen from them by hackers,” stated Hoegner.

Tether’s improvement got here to gentle after The Block first reported that CENTRE, which points the USDC stablecoin, blacklisted an Ethereum handle holding 100,000 USDC for the primary time.

A CENTRE spokesperson stated that the consortium, managed by Circle and Coinbase, blacklisted the handle “in response to a request from regulation enforcement.”

© 2020 The Block Crypto, Inc. All Rights Reserved. This text is supplied for informational functions solely. It isn’t provided or meant for use as authorized, tax, funding, monetary, or different recommendation.





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