Tether blacklisted four THORChain vault addresses on the Tron network on October 9, 2026, freezing approximately 1.45 million USDT. This action immediately suspended cross-chain swaps and liquidity-provider operations on Tron. THORChain, which secures around $47.9 million in total liquidity, received no advance warning from Tether according to co-founder Chad Barraford. The incident highlights the structural vulnerability of decentralized protocols to centralized control by stablecoin issuers.
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