Tether Freezes $344M in USDT Following Law Enforcement Request

[ed]

Tether has frozen more than $344 million worth of its USDt stablecoin after a request from US law enforcement, marking one of the larger enforcement-linked freezes in recent months. The action targeted two wallet addresses flagged for “activity tied to unlawful conduct,” though the company did not disclose specific details about the case.

CEO Paolo Ardoino stated that Tether routinely acts when credible links to criminal networks, sanctions evasion, or illicit activity are identified. The move highlights the centralized control stablecoin issuers retain, allowing them to block or freeze funds when required—an ability often cited as both a strength and a concern within the crypto ecosystem.

The freeze comes amid heightened scrutiny following a series of DeFi exploits in April, reinforcing the growing role of stablecoin issuers in assisting investigations and limiting the movement of suspicious funds.

[cryptohog]

so tether can just freeze $344M but i still can't get my bank to reverse a $12 charge. cool system