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Tether is expanding its blacklist to include 39 Ethereum addresses worth more than $ 46 million

July 10, 2020

Tether (USDT) has blacklisted 39 Ethereum addresses worth $ 46 million. Of these, a total of 24 have more than USD 5.5 million. This revelation is on the center’s first blacklist for an Ethereum address at $ 100,000.

Philippe Castonguay, an Ethereum researcher at Horizon Games, used Dune Analytics to create one blackboard This records the number of addresses that Center and Tether have blacklisted. The largest address is over $ 4.5 million and was recently blacklisted on April 5.

39 Tether addresses blacklisted

Tether is expanding its blacklist to include 39 Ethereum addresses worth more than $ 46 millionTether is expanding its blacklist to include 39 Ethereum addresses worth more than $ 46 million

39 addresses on Tether’s blacklist. Source: Dune Analytics

Similar to the blacklist addresses that contain USDC, Tether addresses that are blacklisted can no longer conduct transactions with Tether, freezing existing currencies in the address.

Bitfinex (Tether’s sister company) general counsel, Stuart Hoegner, told the media Tether works with international law enforcement agencies and darkens addresses as needed:

“Tether routinely assists law enforcement agencies with their investigation … The freeze address feature has helped Tether save and reclaim users and exchanges tens of millions of dollars that hackers have stolen.” .

Reasons to be careful

Arcane Fortune CIO Eric Wall explained on Twitter that The last freeze was on June 14th. It held the $ 939,000 that Binance had received just 22 hours before the blacklist appeared.

Apart from that, Wall added, Most other freezes were purely precautionary::

“Most other freezes appear to have been made to Ethereum accounts either for caution (possibly identified as fraud / fraud) or by mistake / to protect others from errors (such as 0x000 … 0001 freeze) .3 addresses have been added freeze thawed. “

This recent event further increases mistrust of the world’s major cryptocurrency organizations, particularly by creating specific resistance to stable coins and their ability to be censored.. One user commented On Castonguay’s Twitter, Dai (DAI) and sUSD are the only censorship-resistant stable coins.

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