Tether freezes $515 million USDT in a month, restricts 371 addresses

Techub News reports, according to CryptoJack, that stablecoin issuer Tether has frozen approximately $515 million in USDT over the past month and restricted access to 371 cryptocurrency addresses. This action is part of Tether's ongoing efforts to combat suspicious crypto activities. According to reports, the freezing measures target wallet addresses suspected of fraud, money laundering, or other illegal activities. The specific flow of the frozen funds and whether it involves details of specific cases have not yet been disclosed.