The stablecoin giant froze over $12.3 million worth of funds, pointing to illicit activity or AML violations.
Tether, issuer of the world’s largest stablecoin USDt, has frozen over $12.3 million of digital assets on the Tron Network, continuing its clampdown on illicit activity in the crypto space.
Tether froze the USDt (USDT) at 9:15 am UTC on June 15 on Tron, blockchain data from Tronscan shows.
While Tether has not issued a public statement, the freeze likely stems from concerns over potential sanctions violations or Anti-Money Laundering (AML) risks.
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