New Tether security policy sees 41 crypto wallets frozen
Stablecoin issuer startup Tether froze 41 wallets earlier today, with on-chain data showing several of the crypto wallets used the services of Tornado Cash. Tornado Cash is on Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals (SDN) list. Tether made the move to halt the operations of the wallets with the help of data collected from blockchain intelligence company Chainargos. Ether crypto transactions data tracker Etherscan flagged one of the addresses, stating it was reportedly involved in the infamous Ronin Bridge hack. Collectively, the frozen virtual wallets moved most funds in Staked USDT (STUSDT). Nonetheless, it is not the first time Tether froze wallets linked to warfare, as it ceased the operations of 32 crypto money holders related to the wars in Ukraine and Israel. As reported by CNBC, the wallets held a collective sum of $873,118. In October, Tether stated it had collaborated with 31 agencies in 19 different global jurisdictions, facilitati...