Tether, a renowned stablecoin issuer, has blacklisted 39 Ethereum addresses valued at more than $ 46 million. For their part, 24 of these addresses were found to have approximately 5.5 million Tether (USDT).
For starters, a report revealed the news on July 9, noting that the company had banned 24 accounts this year. Similarly, Tether began banning these addresses as of November 17, 2017.
Importantly, this news about Ethereum blacklisting in 39 directions was revealed after Philippe Castonguay, researcher at Ethereum at Horizon, used dune analysis. With the intention of creating a table that would track the addresses of the correctly named blacklist.
39 Ethereum addresses banned by Tether
Due to the blacklisting of all USDT addresses, they are no longer able to transact with Tether. At the same time, all the currencies that are already in these directions have been frozen by the company.
As a result, Stuart Hoegner, a Bitfinex attorney, said Tether works alongside many law enforcement agencies and monitors all directions. That is why it blacklists all the addresses it considers inappropriate.