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Tether has just carried out its largest freeze in history.
Over $344M USDT (TRC-20) has been blocked on Tron.
Done directly by Tether itself.
- In coordination with OFAC and US law enforcement agencies
- Executed through USDT smart contracts
- Funds still appear but are completely unusable
Here's how it works:
- Tether has administrative control over USDT contracts
- Can blacklist any address
- Can freeze balances instantly
- Can permanently destroy funds
Functions used:
- addBlackList(address)
- removeBlackList(address)
- destroyBlackFunds(address)
Now, here’s the interesting part:
Timeline
April 20
- Arbitrum freezes approximately $71 million related to hackers
April 21
- Justin Sun tweets:
“The most decentralized blockchain in the world is Tron”
April 23
- Tether freezes $344 million on Tron
No response from Justin Sun so far
The irony writes itself
Stay safe.