Tether freezes $1.4M in TRON vaults and THORChain stalls
Summary
THORChain temporarily halted TRON USDT trading and related activity after Tether blocklisted four of the protocol’s six TRON vaults, which held about 93% of its TRON USDT (roughly 1.45 million USDT). Around $363,000 in payouts queued during the disruption. The restrictions were later reversed, and swaps resumed. THORChain co-founder Chad Barraford said the protocol received no advance notice and did not know the reason; researcher Khal suggested the vaults may have been included in a wider blocklist. The incident highlights that, despite validator control over transaction signing, Tether can independently freeze USDT held in THORChain’s external-chain vaults.
