In a move that caused a stir within the cryptocurrency market, Tether Holdings – the issuer of the stablecoin USDT – announced the freezing of 13.4 million dollars distributed across 22 wallets on the Ethereum and Tron networks, according to data from the MistTrack transaction monitoring platform.
🔍 It is notable that 10.3 million dollars of this amount was in a single wallet (0xecbd8), while another wallet contained about 1.4 million USDT. Tether has not yet clarified the reasons for the freeze or the targeted parties, which has increased the ambiguity of the situation among investors.
📆 It is worth noting that this is not the first time, as:
Last June, $12.3 million was frozen on the Tron network.
In April 2025, $28.67 million USDT was stopped across 13 addresses.
In March, the largest freezing operation was $28 million on the Russian platform Garantex.
⚖️ Analysts suggest that these moves are part of international investigations related to suspicious financial activities, especially since Tether is cooperating with the U.S. Department of Justice and OFAC to freeze wallets linked to fraud, or financing terrorism and money laundering.
💬 Tether continues to monitor the flow of funds and freeze wallets linked to services like Tornado Cash and dark markets, in an effort to maintain global compliance and the reputation of USDT as the largest stablecoin in the world.
❓ Do you think these measures enhance trust in USDT or raise concerns about its centralization?
