According to reports from Wu, Tether has frozen over $12.3 million in USDT on the Tron blockchain. According to Tronscan data, the freeze occurred at 9:15 AM (UTC) on Sunday morning. Although Tether has not publicly responded, it is widely believed that this move is related to the U.S. Treasury Department's sanctions list or anti-money laundering compliance review.
Tether Freezes Over $12.3 Million in USDT on Tron, Possibly Due to U.S. Treasury Sanctions
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