Over $182 million worth of USDT stablecoins have been frozen on the Tron blockchain due to suspected fraudulent activities.
In a series of alerts shared on X by Whale Alert, blockchain trackers reported that several Tron-based addresses holding large USDT balances were frozen, totaling around $182 million.
The largest address held more than $50 million, valued at approximately $49.9 million at the time of the freeze.
Other notable frozen balances include one address holding approximately 46.1 million USDT, another with nearly 45 million USDT, another containing approximately 29 million USDT, and a smaller address holding approximately 12.1 million USDT. Together, the five addresses held approximately $182.2 million in USDT before being frozen.
The actions were carried out by Tether, the issuer of the USDT stablecoin, using its authority to freeze assets at the contract level. The affected funds were issued on the Tron blockchain and are suspected of being linked to scam-related activities, according to on-chain data.
Tether has previously said it works with law enforcement and blockchain investigators to freeze assets linked to illicit activity when necessary.
In recent years, such interventions have become more common as crypto regulators and stablecoin issuers take a closer look at blockchain-related fraud and financial crime.
Follow us on X, Facebook and Telegram
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Check Price Action
Surf the daily Hodl mix
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway
