Security | April 23, 2026
Tether Freezes $344 Million Across Two Wallets
The stablecoin issuer said it acted with U.S. authorities after two addresses were linked to unlawful activity, extending a freeze model that now spans more than $4.4 billion.
Tether said it helped freeze $344 million in USDT across two wallets after U.S. authorities flagged the addresses for activity tied to unlawful conduct in an action coordinated with OFAC and U.S. law enforcement. Decrypt reported that the wallets were on Tron and had been identified by blockchain security firm PeckShield. In its own statement, Tether framed the freeze as part of an operating model it now uses routinely when investigators identify wallets tied to sanctions evasion, criminal networks, or other illicit activity.
Tether said it now works with more than 340 law enforcement agencies in 65 countries and has frozen more than $4.4 billion in assets overall, including more than $2.1 billion connected to U.S. authorities. It pointed back to earlier cases involving pig-butchering investigations and other enforcement actions in which issuers and investigators treated stablecoins as funds that could still be stopped after tracing.