Stabelcoin company Tether froze 41 wallets managed by individuals on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals (SDN) List on Saturday.
Tether explained the actions as “preventive procedures” in an article.
On-chain information reveals that a number of wallets had actually been utilizing coin-mixing service Tornado Cash in the previous 6 months. Among the frozen wallets is likewise related to the $625 million Ronin Bridge attack, which, according to the U.S. Treasury Department, was performed by North Korean hacking group Lazarus Group.
“By performing voluntary wallet address freezing of brand-new additions to the SDN List and freezing formerly included addresses, we will have the ability to more reinforce the favorable use of stablecoin innovation and promote a more secure stablecoin community for all users,” stated Tether CEO Paolo Ardoino.
In October, Tether froze 32 wallets that were connected to terrorism and warfare in Ukraine and Israel. It likewise froze $225 million last month in relation to a human trafficking distribute following an examination by the U.S. Department of Justice.
Modified by Stephen Alpher.
