{"id":88075,"date":"2023-12-10T11:07:57","date_gmt":"2023-12-10T09:07:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88075"},"modified":"2025-09-13T15:48:07","modified_gmt":"2025-09-13T12:48:07","slug":"tether-freezes-all-ofac-sanctioned-crypto-wallets","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tether-freezes-all-ofac-sanctioned-crypto-wallets\/","title":{"rendered":"Tether freezes all OFAC-sanctioned crypto wallets"},"content":{"rendered":"<p>The issuer <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoin<\/a> USDT \u2014 the company <a href=\"https:\/\/forklog.com\/en\/news\/what-is-tether-usdt\">Tether<\/a> \u2014 announced the start of a new policy to freeze wallets whose owners are under OFAC sanctions <span data-descr=\"Office of Foreign Assets Control of the U.S. Department of the Treasury\" class=\"old_tooltip\">OFAC<\/span>.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Tether Introduces New Policy to Strengthen Ecosystem Security<\/p>\n<p>Read more \u2b07\ufe0f<a href=\\\"https:\/\/t.co\/kCCFhLflfb\\\">https:\/\/t.co\/kCCFhLflfb<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a href=\\\"https:\/\/twitter.com\/Tether_to\/status\/1733529506432880943?ref_src=twsrc%5Etfw\\\">December 9, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to the press release, the &#8220;voluntary&#8221; initiative is aimed at safeguarding the crypto ecosystem and creating a safe and reliable user environment across the globe.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\n<cite>&#8220;This initiative is a proactive step within closer cooperation with regulators and law enforcement to ensure the safety of using the stablecoin,&#8221; said Tether.<\/cite><\/p><\/blockquote>\n<p>Crypto wallets listed on the <span data-descr=\\\"list of designated nationals and blocked persons\\\" class=\\\"old_tooltip\\\">SDN<\/span> are subject to freezing.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\n<cite>&#8220;This strategic decision aligns with our commitment to uphold the highest standards of security for our global ecosystem and to broaden engagement with global regulators,&#8221; said Tether CEO Paolo Ardoino.<\/cite><\/p><\/blockquote>\n<p>In August 2022 <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-tornado-cash-mixer-and-why-was-it-sanctioned\">Tornado Cash<\/a> was added to <a href=\"https:\/\/forklog.com\/en\/news\/us-sanctions-tornado-cash-the-ethereum-mixer\">the OFAC sanctions list<\/a>, but Tether <a href=\"https:\/\/forklog.com\/en\/news\/tether-declines-to-freeze-tornado-cash-addresses-without-law-enforcement-requests\">refused to block<\/a> addresses associated with the crypto mixer without corresponding requests from authorities.<\/p>\n<p>In November, the issuer of USDT <a href=\"https:\/\/forklog.com\/en\/news\/tether-freezes-46-37-million-usdt-held-for-ftx-at-authorities-request\">froze<\/a> 46,370,701 USDT on the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-tron-trx\">TRON<\/a> blockchain at the request of law enforcement authorities. At the same time, the company said there were no plans to <a href=\"https:\/\/forklog.com\/en\/news\/greed-and-recklessness-why-the-ftx-collapse-is-being-likened-to-the-2008-crisis\">bail out a Bitcoin exchange<\/a>.<\/p>\n<p>In October 2023, Tether <a href=\"https:\/\/forklog.com\/en\/news\/tether-freezes-addresses-linked-to-conflicts-in-israel-and-ukraine\">froze 32 addresses<\/a> totaling $873,118.34. The company linked them to illicit activity, financing of terrorism and the wars in Israel and Ukraine.<\/p>\n<p>In November, Tether <a href=\"https:\/\/forklog.com\/en\/news\/tether-freezes-225-million-in-usdt-linked-to-a-criminal-syndicate\">blocked<\/a> around 225 million USDT linked to an international criminal syndicate. The amount frozen in the stablecoin was described as &#8220;the largest in history&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The issuer of the USDT stablecoin \u2014 Tether \u2014 announced a new policy to freeze wallets belonging to OFAC-sanctioned individuals and entities.<\/p>\n","protected":false},"author":1,"featured_media":88076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1332,686,1245,26],"class_list":["post-88075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ofac","tag-sanctions","tag-tether-usdt","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=88075"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88075\/revisions"}],"predecessor-version":[{"id":88077,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88075\/revisions\/88077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88076"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}