Tether freezes USDT linked to Ledger user thefts totaling $90M
Summary
Tether has frozen USDT transfers associated with addresses linked to reported thefts from Ledger users, amounting to nearly $90 million, as stated by MistTrack. This action, facilitated by compliance mechanisms that allow Tether to block transfers on addresses tied to criminal activity, aims to prevent further misuse of the stolen funds but does not involve compensating the victims. Advanced blockchain tracing tools have played a crucial role in identifying the connections between these theft incidents and the specific wallet addresses implicated.
Tokens
$USDT
Analysis
Tether: Tether issues the USDT stablecoin and maintains compliance operations that enable freezing of tokens on specific addresses. The company regularly works with law enforcement to restrict illicit flows across supported blockchains. In this case, Tether executed freezes on addresses tied to reported Ledger user thefts, as identified by MistTrack. MistTrack: MistTrack is a crypto AML tracing platform developed by SlowMist that analyzes on-chain activity to identify and track illicit funds across multiple networks. It provides tools for risk assessment, address labeling, and compliance investigations used by exchanges and institutions. MistTrack publicly reported Tether’s freeze action targeting addresses connected to the Ledger thefts. Blockchain Tracing: Specialized analytics platforms identify connections between theft incidents and specific wallet addresses to support issuer actions. Compliance Mechanism: Tether can restrict transfers of USDT on addresses linked to reported criminal activity without restoring funds to affected parties.
Categories
cryptoon_chain_whale
Related sources
- https://www.alchemy.com/dapps/misttrack
- https://docs.misttrack.io/api-endpoints/get-risk-score-v3
- https://www.theblockbeats.info/flash/371070
- https://coincu.com/news/tether-freezes-39-3-million-usdt-xinbi-guarantee
- https://tether.io/
- https://metamask.io/en-GB/price/tether
- https://cryptoslate.com/washington-has-114-billion-reasons-to-want-tether-around/
- https://eaglevirtual.com/usdt-blacklist
- https://www.tronweekly.com/tether-usdt-freeze-hits-39-27m-across-10-tron/
- https://misttrack.io/
- https://www.gate.com/news/detail/misttrack-agent-launches-on-finchtech-ai-with-19-network-tracking-24176424
- https://www.tradingview.com/news/cointelegraph:240a887b0094b:0-tether-says-it-helped-freeze-550m-in-iran-linked-usdt-this-year/
- https://secureshift.io/crypto-news/tether-freezes-393-million-in-usdt-linked-to-xinbi-guarantee
- https://bitquery.io/investigations/tether-blacklist-audit
- https://blockchain.news/news/tether-10b-profit-2025-treasury-holdings-141b