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Tether has blacklisted 100 addresses on Ethereum, network data shows

MK Manoylov
·1 min read

The number of blacklisted Tether addresses on the Ethereum network has reached 100, according to new findings from The Block Research.

 

[caption id="attachment_80251" align="alignnone" width="800"] Source: Dune Analytics[/caption]

Eighty-four of the blacklist actions by Tether took place in 2020, with most of them happening after July.

The term “blacklisting” means that the addresses in question cannot send, receive, or redeem USDT, thus rendering any Tether tokens held in those addresses unusable.

As of July 9 of 2020, Tether had blacklisted 39 Ethereum addresses holding the USDT stablecoin. There are various reasons for why an address might be blacklisted, including law enforcement requests or freezing actions by Tether has part of a recovery process.


© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.