Tether just froze 140 million USDT. The process took place in three “trenches”.

Most often, such freezes are part of the stories of the fight against crypto fraudsters. But the amount for such a case is above average.

#TheBlock, by the way, just today reported that Tether is hiring former Chainalysis chief economist Philip Gradwell to help communicate with regulators and stakeholders.

According to the press release, Gradwell's responsibilities will include "quantifying the economics of Tether and educating regulators and stakeholders on how Tether can be used." Speaking about his previous work at Chainalysis, Gradwell said he was "proud to have played a role in the development of digital assets to the point where#Tetherhas real economics to analyze, and the data and knowledge to do it."