According to Ethereum's Etherscan and Dune Analytics platforms, Tether has added another one with a balance to the list of blocked addressesover $ 1 million in USDT.
On December 30, Tether applied the "AddedBlacklist" feature to the corresponding Ethereum address.Who the owner of the wallet is and why it was blocked is still unknown.
The practice of blocking Tether addresses began at the end of 2017.Since mid-2020, the dynamics of blocking such addresses has skyrocketed.To date, this list has grown to 560 addresses.conduct no transactions.
Tether has a "refund mechanism"which provides the ability to freeze and return USDT. The mechanism involves blocking the incorrectly sent amount and reimbursing it to the account of the wrong user.
In addition, Tether last year launchedtesting the tracking of crypto transactions. A solution from Notabene tracks users and collects their data, which can be shared with regulators.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
Read this:
Tether transfers 1bn USDT from TRON to Ethereum
Tether will release USDT on the Avalanche blockchain
Payments with Tether stablecoin last year amounted to $ 212 billion
Tether transferred 300 million USDT from Omni blockchain to Ethereum
Tether prints 2 billion USDT in a week
Tether launches USDT on OMG Network