Tether Freezes 41 Wallets Linked to Tornado Cash

Tether Freezes 41 Wallets Linked to Tornado Cash



Stablecoin startup Tether recently froze 41 wallets, with on-chain analysis revealing that several of these cryptocurrency wallets utilized Tornado Cash services. Tornado Cash is included in the Office of Foreign Assets Control's (OFAC) Specially Designated Nationals (SDN) list.



Tether's decision to suspend these wallets' operations was based on information from blockchain intelligence firm Chainargos.



Etherscan, a tracker for Ether cryptocurrency transactions, identified one of the addresses as being potentially involved in the notorious Ronin Bridge hack. The collectively frozen virtual wallets predominantly transferred funds in Staked USDT (STUSDT).



This is not the first instance of Tether freezing wallets connected to conflict situations. Previously, it halted the operations of 32 wallets associated with conflicts in


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#Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Stablecoin, #Tether

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