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"Illicit" $344M USDT Frozen By Tether In
Stablecoin giant Tether has frozen a gigantic $344 million in USDT tokens on the Tron network in collaboration with U.S. authorities.
Tether freezes USDT funds onchain (Bermix Studio / Unsplash)
In an official release, Tether has taken action to prevent the further movements of $344 million worth of USDT tokens linked to two addresses.
This would mark the firm's largest asset freeze to-date.
Prior to the crackdown, U.S. authorities had provided the stablecoin issuer with information regarding these wallets and "activity tied to unlawful conduct."
Tether has committed to cracking down on illicit use of its tokens for years now.
In February 2026, the company claimed to have frozen more than $4.2 billion of its tokens over the past three years.
Historically, these funds have been found linked to human trafficking operations, fraudsters, terrorism, and even international warfare.
Tether CEO Paolo Ardoino stated:
"USDT is not a safe haven for illicit activity."
He adds that Tether can move "immediately and decisively" when "credible links" to criminals and sanctioned entities are found.
Now, the firm estimates it's frozen over $4.4 billion of its own tokens.
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