$Tether Freezes 41 Crypto Wallets Connected to Sanctions
Over the weekend, Tether, the stablecoin issuer, took a definitive step by freezing 41 wallets that were under the control of individuals listed on the Office of Foreign Assets Control's (OFAC) Specially Designated Nationals (SDN) List.
In a recent blog post, Tether framed these actions as precautionary measures, aimed at mitigating potential risks associated with these wallets.
Notably, on-chain data reveals that several of these wallets had previously engaged with Tornado Cash, a coin-mixing service, within the last six months. Among the wallets subjected to freezing, one is notably linked to the $625 million Ronin Bridge attack. This attack, as per the U.S. Treasury Department, has been attributed to the North Korean hacking group, Lazarus Group.
Paolo Ardoino, Tether's CEO, stated, 'By voluntarily freezing the wallet addresses newly added to the SDN List and those previously flagged, we aim to bolster the positive application of stablecoin technology and foster a more secure ecosystem for all stablecoin users.
