Coin

<ul class="news-points"> 
 <li>Tether froze 5.2 million USDT tokens as per a May 14 post from MistTrack.</li> 
 <li>The tokens were associated with 12 Ethereum addresses.</li> 
 <li>The addresses might be connected to laundering addresses for phishing groups.</li> 
</ul> 
Tether, the firm associated with the world’s largest stablecoin by market capitalization, froze 5.2 million USDT on May 14 as per the data from MistTrack, a crypto tracking and compliance platform.&nbsp; 
In a<a href="https://twitter.com/MistTrack_io/status/1790215338170446058" target="_blank" rel="nofollow"> post</a> on social media platform X (formerly known as Twitter), MistTrack stated that the stablecoin firm froze 5.2 million USDT on 12 Ethereum addresses tagged as “USDT Banned Address” by the crypto tracking platform.&nbsp; 
Notably, these 12 addresses may be money laundering addresses for phishing groups. It is a common practice for attackers to withdraw their funds to another platform and use crypto mixers to launder their money.&nbsp; 
Back in November 2023, the stablecoin issuer<a href="https://twitter.com/lookonchain/status/1726618945673945091" target="_blank" rel="nofollow"> announced</a> the “largest-ever freeze of USDT in history” while teaming up with digital asset trading platform OKX. Over 225 million USDT tokens associated with 37 wallets were frozen, and the funds were tied to a human…
The post <a href="https://coinedition.com/tether-freezes-5-2m-usdt-on-12-eth-addresses/">Tether Freezes 5.2M USDT On 12 ETH Addresses</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Tether Freezes 5.2M USDT On 12 ETH Addresses

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