🚀 Whale Alert Reports Freezing Of 14 Million USDT
#WhaleAlert #USDT #Freezing #Cryptocurrency #Blockchain
According to Odaily, Whale Alert has detected the freezing of an address holding 14,000,000 USDT, equivalent to approximately 14,002,344 USD. This event occurred at 4:03 AM UTC+8.#WhaleAlert #USDT #Freezing #Cryptocurrency #Blockchain
🚀 Tether Updates Transition Plan for Legacy Blockchains
#Tether #TransitionPlan #LegacyBlockchains #OmniLayer #BitcoinCashSLP #Kusama #EOS #Algorand #USDT #Redemption #Freezing #SmartContracts #Transparency
According to PANews, stablecoin issuer Tether has announced updates to its transition plan for five legacy blockchains: Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. Over a year ago, Tether revealed its intention to cease redemption and freezing of USDT tokens on these blockchains starting September 1, 2025, gradually ending support.
In response to feedback from the communities of these discontinued blockchains, Tether has adjusted its approach and will not freeze smart contracts on these networks. While users can still transfer tokens between wallets, Tether will halt direct issuance and redemption of tokens on these blockchains. Consequently, these tokens will no longer receive official support like other Tether tokens.
Tether remains committed to ensuring a smooth transition and will continue collaborating with the community to maintain transparency and clarity throughout the process.#Tether #TransitionPlan #LegacyBlockchains #OmniLayer #BitcoinCashSLP #Kusama #EOS #Algorand #USDT #Redemption #Freezing #SmartContracts #Transparency
🚀 Tether Freezes Billions in USDT Linked to Illicit Activities
#Tether #USDT #illicitactivities #freezing #pigbutchering #lawenforcement #cryptocurrency #blockchain #fraud
Tether has taken significant action by freezing approximately $4.2 billion worth of USDT associated with illicit activities. According to NS3.AI, this includes $3.5 billion that has been frozen since 2023. Recently, Tether collaborated with the U.S. Department of Justice to freeze nearly $61 million connected to 'pig-butchering' scams. Despite these measures, the circulating supply of USDT remains above $180 billion. Tether continues to have the capability to freeze tokens remotely when requested by law enforcement.#Tether #USDT #illicitactivities #freezing #pigbutchering #lawenforcement #cryptocurrency #blockchain #fraud