Tether blocks $12.3M in USDT tied to suspicious Tron addresses

The stablecoin giant froze over $12.3 million worth of funds, pointing to potential illicit activity or AML violations.

Tether, issuer of the world’s largest stablecoin, USDt, has frozen over $12.3 million of digital assets on the Tron Network, continuing its clampdown on illicit activity in the crypto space.

Tether froze the USDt (USDT) at 9:15 am UTC Sunday on Tron, blockchain data from Tronscan showed.

While Tether has not issued a public statement, the freeze may stem from concerns over potential sanctions violations or Anti-Money Laundering (AML) risks.

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