THORChain exec accuses Tether of temporarily freezing USDT vaults
Summary
THORChain co-founder Chad Barraford said Tether blacklisted four network vault addresses, freezing about 1.45 million USDT without prior communication or an explanation. Roughly two hours later, Tether unfroze the addresses, allowing trading to resume. Barraford said the team was seeking clarification and hoped the freeze had resulted from an error or misunderstanding. Tether and THORChain had not immediately responded to requests for comment. The incident follows separate lawsuits alleging Tether froze USDt: a payments platform claims $2.76 million was frozen in connection with a Brazilian investigation, while two Thai nationals allege an informal US request led to a $42.4 million freeze.
