Tether said on November 2 that it froze more than $1.5 billion in USDT following the late-October attack on Binance. The issuer said it acted quickly after receiving actionable intelligence and worked with law enforcement and industry partners. The freeze blocks transfers from the addresses concerned but does not mean the funds have been recovered or that victims have already been reimbursed. Some illicit proceeds may have moved into assets or networks outside Tether’s control, and publicly reported freeze totals cannot be added together without checking for overlap.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
