Tether Freezes 41 Crypto Wallets Tied to Sanctions
Tether, the stablecoin issuer, has frozen 41 wallets identified by the Office of Foreign Assets Control's (OFAC) Specially Designated Nationals (SDN) List. Described as "precautionary measures," these steps aim to further enhance the usage of stablecoin technology and ensure a safer ecosystem for all users. The frozen wallets include one associated with the $625 million Ronin Bridge attack, allegedly executed by the Lazarus Group, a North Korean hacking group. Background data reveals that many of these wallets had used the coin-mixing service Tornado Cash in the past half-year. This action follows Tether's freezing of 32 wallets tied to terrorism and warfare in Ukraine and Israel in October, as well as $225 million related to a human trafficking syndicate last month.
