• About Us
  • Careers
  • Contact
No Result
View All Result
Thursday, June 5, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result

Tether Freezes $5.2M USDT Linked to Phishing Scams Amidst Industry Controversy

14 May 2024
in Latest News, News
Reading Time: 4 mins read
106 3
Home News Latest News

On May 14, Tether reportedly froze USDT worth $5.2 million stored in 12 Ethereum wallets now tagged as “USDT Banned Address.”

According to the crypto tracking platform MistTrack, these wallets have been linked to phishing scams, and the addresses were used to launder funds obtained through fraudulent activities.

Tether’s history of freezing suspicious accounts is extensive. The stablecoin issuer is known to proactive measures to maintain the integrity of its platform and block funds associated with various forms of criminal activity.

In January 2022, the company blacklisted three Ethereum addresses holding over $150 million in USDT. Later, in October 2022, Tether froze $8.2 million USDT on Ethereum and added 215 addresses to its blacklist. In October 2023, Tether targeted $817,000 USDT associated with terrorist activities in Ukraine and Israel. The following month, the company froze $225 million in USDT tied to romance scammers.

RELATED:

  • Tether Blacklists Validator Address Responsible for Draining $25 Million From MEV Bots
  • Tether Freezes Three Addresses With $150 Million in USDT

In a recent social media post, CEO Paolo Ardoino highlighted that Tether has blocked over $1.3 billion worth of USDT, with approximately $1.6 million linked to terrorist financing.

Meanwhile, Ardoino has criticized Brad Garlinghouse, CEO of Ripple, for “spreading fear” about the stablecoin issuer while his company is involved in an investigation by the U.S. Securities and Exchange Commission and is also launching a competing stablecoin.  

Ardoino’s comments came after Garlinghouse stated in an interview on May 10 that the U.S. government is targeting Tether, and it could significantly impact the broader cryptocurrency environment. Garlinghouse pointed to allegations that Tether’s USDT was used by terrorist networks and sanctioned nations like Russia to circumvent U.S. economic sanctions.

 

RELATED: 

  1. Tether Bolsters Inventory with $1 Billion USDT Token Release on Ethereum Blockchain
  2. U.S. SEC Files Final Reply in Ongoing Ripple Lawsuit
  3. XRP Price Drops Over 14% YTD, Amid Ripple’s Legal Battle With SEC

Ardoino emphasized Tether’s commitment to transparency and regulatory compliance, noting that these measures are crucial to safeguarding the cryptocurrency ecosystem.

Garlinghouse has also replied to Ardoino. He noted that he wasn’t attacking the stablecoin issuer but only pointing out that the U.S. government wants more control over dollar-backed stablecoin issuers, and Tether is in their line of sight because it is the biggest player in the industry. 

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: CryptoTether
Share63Tweet40Share11
Previous Post

Coinbase Users Claim Fund Withdrawals Are Still Failing Despite Outage Recovery

Next Post

Sabai Protocol (SABAI) Lists on MEXC Following Strong Community Support

Anuoluwapo Obisesan

Anuoluwapo Obisesan

Experienced in crafting clear, user-friendly documentation and compelling news reports. Passionate about technology and delivering impactful content. Collaborative team player dedicated to accuracy and clarity. When not writing, you'll find me hunkering down with a good book.

Related Posts

source: investopedia.com
Business

BitMine Raises $18M, Uplists to NYSE American

5 June 2025
source: kaiko.com
Business

HTX Climbs to 8th in Kaiko’s Global Exchange Rankings

5 June 2025
source: docs.memecore.com
News

MemeCore Enters South Korea with Acquisition of KOSDAQ-Listed Company

5 June 2025
source: businessinsider.com
News

Mastercard, PayPal Boost Digital Checkout with Tokenization Drive Across Europe

5 June 2025

Featured Posts

The Hidden Dangers of Holding Crypto in Exchanges

The Hidden Dangers of Holding Crypto in Exchanges

byOlajumoke Oyalekeand1 others
27 May 2025
0

Should We Put a Price on Everything? The Ethics of Tokenizing Human Actions

Should We Put a Price on Everything? The Ethics of Tokenizing Human Actions

byFaari Labinjo
27 May 2025
0

The Most Influential Figures in Crypto History and Their Impact

The Most Influential Figures in Crypto History and Their Impact

byBobby Okposin
14 May 2025
0

Are Layer 2 Solutions Enhancing Ethereum—or Killing it?

byOlayinka Sodiqand1 others
6 January 2025
0

Beginner’s Guide To Earning Passive Income In Crypto | DeFi Planet

Simple Ways To Earn Passive Income From Your Crypto

byArjun Chandand1 others
1 September 2021
0

Read More

Chain of Thoughts

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Is Tokenization All That It’s Cracked Up To Be?

Is Tokenization All That It’s Cracked Up To Be?

byOlu Omoyele
26 February 2025
0

...

Markets Update

Your Weekend Crypto Roundup | May 2025 (Week 5)

5 days ago

Your Weekend Crypto Roundup | May 2025 (Week 4)

2 weeks ago

Your Weekend Crypto Roundup | May 2025 (Week 3)

3 weeks ago

Your Weekend Crypto Roundup | May 2025 (Week 2)

4 weeks ago

Your Weekend Crypto Roundup | May 2025 (Week 1)

1 month ago

Your Weekend Crypto Roundup | April 2025 (Week 4)

1 month ago
Read More

Events

Crypto Valley Conference
Crypto Valley Conference
5 Jun 25
Risch-Rotkreuz

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Nibiru Launches ”Block Party” Aura Program to Reward Real DeFi Activity

bychainwire
5 June 2025
0

BYDFi and Ledger Launch Global Campaign with Limited BYDFi x Ledger Nano X

bychainwire
5 June 2025
0

$ZEUS Marking His Territory: Announcing An IP Collaboration with Original Zeus Artist and Trademark Holder

bychainwire
4 June 2025
0

Huma Joins the Global Dollar Network to Advance Stablecoin Adoption on Solana

bychainwire
4 June 2025
0

Zircuit Joins Binance Alpha: ZRC Airdrop & Trading Competition Go Live

bychainwire
3 June 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00