According to BlockBeats news on May 15, Cointelegraph reported that the latest report from blockchain compliance company AMLBot shows that Tether's wallet blacklist mechanism has significant delays, leading to over $78 million in illegal funds being successfully transferred before the freeze took effect.
The report points out that Tether's multi-signature contract setup on the Ethereum and Tron blockchains causes an average delay of 44 minutes from blacklist submission to enforcement. During the blacklist delay period, approximately 28.5 million USDT was transferred on the Ethereum chain, with an average transfer exceeding $365,000. On the Tron chain, there was $49.6 million that avoided freezing, with about 4.88% of the marked wallets exploiting this loophole for 2-3 transfers, averaging $292,000 per wallet.
