Tether Suspends Three Addresses With 870,000 USDT Due to Suspicious Transactions
Date: 2025-04-18 Author: Oliver Abernathy Categories: BUSINESS
Tether has restricted access to funds on three cryptocurrency addresses, the total amount of which is 870,000 USDT. This information was provided by analysts from the MistTrack platform, which specializes in tracking suspicious transactions on the blockchain.
The first address, starting with TGi8 and ending with ZDfU, was previously used for transfers with cryptocurrency exchanges such as WhiteBIT and OKX. These platforms are widely known in the crypto community, which makes such transactions especially important for analysis.
The second address, starting with 0xa1 and ending with c53f, was identified by MistTrack as being associated with scams including theft, phishing, and so-called "romance scams," where criminals trick victims into forming emotional connections.
The third address (0xca...73b8) interacted with wallets active on Gate.io, another popular digital asset trading platform. While the address was not directly involved in the scam, its connections raise some red flags.
This is not the first time Tether has taken action against addresses involved in illegal activity. According to Dune Analytics, the company has frozen over 2,000 addresses to date — 2,192 in total — with USDT holdings totaling over $1.4 billion. The measures are aimed at maintaining the USDT stablecoin's reputation as a safe and legitimate means of payment.
It is worth noting that in March 2025, Tether also froze funds in the wallets of the Russian exchange Garantex. At that time, the amount of blocking exceeded 2.5 billion rubles, which became one of the largest asset blocking operations in the company's history.
Tether's regular actions highlight its active position on issues of cryptocurrency industry security and the fight against financial crime.
