Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Tether Blacklists Multiple Ethereum Addresses Holding Crypto Worth $49mln

Tether Blacklists Multiple Ethereum Addresses Holding Crypto Worth $49mln

Kelly Cromley by Kelly Cromley
Jul 10, 2020
in Ethereum News, Market News, News
Reading Time: 3 mins read
0

39 Ethereum addresses, holding cryptos worth $46 million, has been blacklisted by Tether (USDT). Specifically, 24 of those addresses holding more than 5.50 million USDT have been blacklisted this year.

The disclosure has come against the backdrop of Centre’s initial blacklisting of an Ethereum address holding USDC stable coin worth $100,000. Ethereum researcher at Horizon, Games Philippe Castonguay, utilized Dune Analytics to setup a dashboard that monitors several addresses blacklisted by both Tether and Centre.

One of those black listed addresses holds USDT worth more than $4.50 million, the highest so far.

Much like blacklisted addresses holding stablecoin USDC, Tether addresses that are blacklists will not be able to deal with Tether and crypto tokens in the address will get frozen.

Turns out 39 addresses have been banned from using USDT on Ethereum as of now. Made another dashboard to keep track of USDT bans here:https://t.co/uuQd1kW28Y https://t.co/sUAw5hnWur pic.twitter.com/72G7OKNlfI

— Philippe Castonguay (@PhABCD) July 9, 2020


Stuart Hoegner, General counsel of Bitfinex, regarded as associate firm of Tether, stated that Tether has joined hands with multiple law enforcement organizations across the globe and blacklists addresses as and when necessary:

“Tether routinely assists law enforcement in their investigations… Through the freeze address feature, Tether has been able to help users and exchanges to save and recover tens of millions of dollars stolen from them by hackers.”


Eric Wall, CEO of Arcane Assets tweeted that the latest freeze happened on June 14, involving 939,000 USDT received from Binance. The blacklisting of address took place 22 hours after the USDT was received. Additionally, Wall stated that most of the freezing actions were precautionary:

The most recent address to have been frozen was on Jun 14 and is the largest freeze this year:
– Binance sent $939k USDT to 0x8a160cac2f51f0365f92114837ee1cc8c5f9acb7 on Jun 13 20:43 CEST (https://t.co/jUahYGCf2F)
– 22 hours later Tether added it to AddedBlackList(address _user)

— Eric Wall (@ercwl) July 9, 2020


“Most other freezes seem to have been made on Ethereum accounts either for precautionary reasons (possibly identified as scams/Ponzis) or in error/to protect others from making errors (like freezing 0x000…0001). 3 addresses were unfrozen after the freeze.”

The latest development has increased the lack of trust on central organizations in crypto sector, with unfriendly stance on stablecoins, particularly those which are censorship resistance.

A Twitter user responded to the comment posted by Castonguay by pointing out that Dai (DAI) and sUSD are the only two censorship resistance stablecoins.

Question is who have made those bans? Where is censorship resistance?

— Adam Debnar (@AdamDebnar) July 9, 2020


Previous Post

Cryptocurrency Exchanges See Record Outflow of Bitcoins

Next Post

Dogecoin is Listed on Bitfinex as TikTok Based Promotion Takes Price to $0.005

Related Posts

wom protocol

WOM Protocol Launches Layer 1 Blockchain to Power SocialFi

by Kelly Cromley
Jul 12, 2025
0

WOM Protocol, a pioneer in decentralized word-of-mouth marketing, has unveiled the Testnet of its own EVM-compatible Layer 1 blockchain. This...

unique network partners with tapnation for crypto rewards

TapNation Game Adds Seamless Crypto Rewards via Unique Network

by Kelly Cromley
Jul 12, 2025
0

Unique Network, a blockchain infrastructure firm operating within the Polkadot ecosystem, has successfully partnered with mobile game publisher TapNation to...

us bank

U.S. Bank Pioneers Blockchain-Based Trade Finance

by Kelly Cromley
Jul 12, 2025
0

U.S. Bank has become the first American financial institution to successfully carry out a fully digital trade finance transaction, signaling...

Zypto

Zypto Expands Real-World Crypto Utility with Visa Card and Mobile Top-Ups

by Kelly Cromley
Jul 12, 2025
0

Zypto, a rising player in blockchain-based fintech, has introduced two key services that significantly broaden the everyday utility of digital...

zeus network

Zeus Network Launches Bitcoin Airdrop for Solana Users

by Kelly Cromley
Jul 12, 2025
0

Zeus Network has unveiled a new Bitcoin Airdrop campaign aimed at active participants within the Solana blockchain ecosystem. This initiative...

circle partners with sei

Sei Blockchain Integrates Native USDC to Boost Multi-Chain Finance

by Kelly Cromley
Jul 12, 2025
0

Sei, a high-performance Layer-1 blockchain recognized for its speed and suitability in powering digital asset markets, is poised for a...

Next Post
Dogecoin is Listed on Bitfinex as TikTok Based Promotion Takes Price to $0.005

Dogecoin is Listed on Bitfinex as TikTok Based Promotion Takes Price to $0.005

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • Hyper Foundation Launched to Boost Hyperliquid Blockchain Development

    by Kelly Cromley
    Oct 15, 2024
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025

Recent News

wom protocol
Market News

WOM Protocol Launches Layer 1 Blockchain to Power SocialFi

by Kelly Cromley
Jul 12, 2025
unique network partners with tapnation for crypto rewards
Market News

TapNation Game Adds Seamless Crypto Rewards via Unique Network

by Kelly Cromley
Jul 12, 2025
us bank
Market News

U.S. Bank Pioneers Blockchain-Based Trade Finance

by Kelly Cromley
Jul 12, 2025
Zypto
Market News

Zypto Expands Real-World Crypto Utility with Visa Card and Mobile Top-Ups

by Kelly Cromley
Jul 12, 2025
zeus network
Market News

Zeus Network Launches Bitcoin Airdrop for Solana Users

by Kelly Cromley
Jul 12, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree