Tether has frozen more than $344 million worth of USDT across two Tron blockchain addresses after the wallets were flagged by U.S. authorities for suspected illicit activity. The freeze, confirmed on April 23, is considered one of the largest enforcement actions in the company’s history.
The action was carried out in coordination with the Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies after authorities shared intelligence linked to unlawful conduct. Blockchain security firm PeckShield earlier identified two Tron addresses TNiq9…QZH81 holding about $213 million in USDT and TTiDL…pjSr9 holding roughly $131 million which were blacklisted before the official confirmation.
Tether did not disclose details about the underlying investigation but said the funds were linked to sanctions evasion, criminal networks, or other prohibited activity. CEO Paolo Ardoino stated that USDT is not intended to serve as a safe haven for illegal financial operations.
Tether Expands Global Enforcement and Compliance Actions
The freeze highlights Tether’s growing collaboration with regulators worldwide. The company reported working with more than 340 law enforcement agencies across 65 countries and supporting over 2,300 investigations globally.
Since late 2023, enforcement actions have intensified, including a $225 million freeze tied to a Southeast Asia trafficking case in November 2023 and another $182 million freeze across five Tron wallets in January 2026.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.