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Tether Freezes $10.3 Million USDT Linked to Single Address

Whale Alert reports a freeze on an address holding over 10 million USDT, preventing further movement of the funds as of October 16.

USDT

Summary

Whale Alert reported on October 16 that an address containing 10,301,346 USDT, worth approximately $10.31 million, was frozen. This action restricts the movement of the funds from the wallet, though no reason was given for the freeze.

Terms & Concepts
  • USDT (Tether): A stablecoin pegged to the US dollar, used for trading and storing value in the cryptocurrency market.
  • Address Freeze: A restriction placed on a blockchain wallet, preventing the transfer or use of funds within it.
  • Whale Alert: A blockchain monitoring service that tracks and reports large cryptocurrency transactions in real time.