Tether Locks Over $12 Million in USDT on Tron Network
Date: 2025-06-17 Author: Gabriel Deangelo Categories: BUSINESS
According to information published by Tronscan, 12,369,162 USDT stablecoins were locked in one of the Tron network wallets at 9:15 GMT on the morning of June 16. Although Tether has not made any official statements, a source told Cointrackdaily that the action is related to the suspicion of violating sanctions requirements set by the US Office of Foreign Assets Control (OFAC). These measures are aimed at combating financial crimes such as money laundering and terrorist financing.
The funds were locked as a result of the activities of the T3 Financial Crime Unit, a financial crimes unit created in August last year by Tether, Tron, and TRM Labs. This team is engaged in identifying suspicious crypto assets and preventing illegal transactions with them.
According to Chris Janczewski, Head of International Investigations at TRM Labs, such drastic measures should serve as a warning to individuals attempting to use blockchains for illegal purposes. Janczewski noted that the work of the T3 Financial Crime Unit has already yielded significant results: in just six months, the unit froze crypto assets worth about $126 million in USDT, which were associated with various types of criminal activity.
It is worth recalling that earlier, Tether, in cooperation with OKX and the US Department of Justice, took part in the blocking of $225 million in USDT. These funds were associated with the activities of a large international human trafficking network operating in Southeast Asia.
Measures to freeze crypto assets are becoming increasingly common in response to the rise in the illegal use of stablecoins. Companies and regulators continue to strengthen cooperation to combat financial crime and increase transparency in the cryptocurrency industry.
