THORChain executive accuses Tether of temporarily freezing USDT vault addresses
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THORChain technical co-founder Chad Barraford accused stablecoin issuer Tether of blacklisting the network's vault addresses on Friday, freezing roughly 1.45 million USDT across four wallets. Barraford said there had been no communication from Tether before or after the action; about two hours later he reported that all addresses were unfrozen and trading would resume. The incident adds to pressure on Tether over its freezing practices: cross-border payments firm Conduit Technology sued it this week over $2.76 million frozen in a wallet tied to a 2024 Brazilian investigation, and two Thai nationals sued in August over $42.4 million frozen after an alleged informal request from US Homeland Security Investigations.
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