This article will take the incident in which Cambodia Huiwang Group had 29.62 million USDT frozen by Tether as an example to analyze and explain this.
JinseFinanceVenezuela has utilized the USDT stablecoin to bypass US oil sanctions, with Tether vowing to block payments and freeze its assets.
BerniceFreezing bank cards is a measure taken by the public security organs to investigate cases. If the public security organs receive a call from a victim, they will manage and control the bank accounts related to the funds involved in the case, prevent the transfer of funds involved, and further investigate the facts.
JinseFinanceAt present, lawyers receive many inquiries about the unfreezing of personal bank cards. It is often because the payee accidentally receives stolen money, such as prostitution money, gambling money, drug money, fraud and organized crime, and other stolen money, resulting in the personal bank card being frozen.
JinseFinanceWhen it comes to buying and selling USDT, what everyone is most concerned about is trust and financial security. This is also a practical issue we noticed when dealing with many bank card freezes.
JinseFinanceTether collaborates with OKX and DOJ to investigate the largest ever freeze of USDT. It is related to an international human trafficking group in Southeast Asia.
OliveCrypto exchange Binance's proactive stance in freezing Hamas-linked accounts amidst the Israel conflict underscores the growing role of cryptocurrencies in geopolitical events and financial security.
Hui XinThe largest stablecoin issuer said it had to comply with law enforcement.
Crypto PotatoED revealed that WazirX’s utility token ‘WRX’ and an Ethereum token Tether ‘USDT’ has been frozen.
OthersTether has yet to issue a statement explaining exactly why it blacklisted the three addresses, but it has done so before to comply with law enforcement and to assist the exchange after a cyberattack.
Cointelegraph