On October 9, 2026, Tether blacklisted four THORChain vault addresses on the Tron network, freezing approximately 1.45 million USDT and halting the protocol’s cross-chain swaps for three hours. The four targeted vaults held 93% of THORChain’s assets on Tron. Co-founder Chad Barraford said the team received no prior warning from Tether before the freeze. No hacks or thefts were reported on THORChain during the incident, though a lawsuit concerning a separate $2.76 million freeze is ongoing.
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