Gate News message, April 23 — Tether froze two large whale wallets on the Tron blockchain holding a combined $344 million in USDT on Wednesday in coordination with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) and U.S. law enforcement. The two addresses held approximately $131.3 million and $212.9 million respectively, and both were halted within minutes before 11:30 a.m. UTC.
The frozen amount represents 1.8% of all Tron-based USDT in circulation per day. Tether works with over 340 law enforcement organizations across 65 nations on compliance matters. This freeze follows a larger action in January when Tether froze between $182 million and $339 million across different Tron wallets. In February, Tether disclosed it had frozen approximately $4.2 billion in stablecoins due to illicit activities. The T3 Financial Crime Unit, a collaboration between TRON, Tether, and TRM Labs established in September 2024, froze over $300 million in criminal funds within its first year.
Tron’s active wallet address count has declined by 21% since the freeze, dropping from approximately 5.3 million to under 4.2 million between February 7 and April 21, according to on-chain data. Daily transaction volumes fell by nearly 15%, marking the largest decline since October 2025. This activity decline occurred despite TRX price increasing approximately 20% over the same period, with open interest rates falling 5.04% and negative funding rates indicating trader caution.
The freeze also coincides with growing regulatory scrutiny around Tron and its founder, Justin Sun. Sun has filed a lawsuit in California federal court against WLFI, a decentralized finance project, for wrongfully freezing his $75 million in WLFI assets, which he claims involved a hidden blacklist functionality in the contract.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
U.S. Sanctions Iran-Linked Crypto Wallets, Tether Freezes $344 Million USDT
Gate News message, April 26 — The U.S. federal government sanctioned multiple wallets linked to Iran on April 25, with Treasury Secretary Scott Bessent announcing the action as part of efforts to increase economic pressure on the country amid an ongoing ceasefire. The sanctions came a day after
GateNews3h ago
U.S. Sanctions Iran-Linked Crypto Wallets as Tether Freezes $344 Million USDT
Gate News message, April 26 — U.S. Treasury Secretary Scott Bessent announced on Friday that the federal government is sanctioning multiple wallets linked to Iran as part of efforts to increase economic pressure on the country amid an ongoing ceasefire. The move came a day after Tether froze $344 mi
GateNews9h ago
US Sanctions Iran-Linked Crypto Wallets; Tether Freezes $344 Million in USDT
Gate News message, April 26 — U.S. Treasury Secretary Scott Bessent announced that the federal government is sanctioning multiple wallets linked to Iran as part of efforts to increase economic pressure on the country. The move follows Tether's decision on Thursday, April 24, to freeze $344 million w
GateNews16h ago
US Sanctions Iran-Linked Crypto Wallets Holding $344M Frozen by Tether
U.S. Treasury Secretary Scott Bessent announced sanctions on multiple wallets linked to Iran as part of President Donald Trump's efforts to increase economic pressure on the country, according to CNN. The move follows Tether's freeze of $344 million in USDT on Tron, which has been linked to
CryptoFrontier22h ago
US Sanctions Iran-Linked Crypto Wallets, Tether Freezes $344M USDT
U.S. Treasury Secretary Scott Bessent announced that the federal government is sanctioning multiple wallets linked to Iran as part of President Donald Trump's ongoing efforts to increase economic pressure on the country amid an ongoing ceasefire. The move comes a day after Tether froze $344
CryptoFrontier04-25 14:31
US Sanctions Iran-Linked Crypto Wallets; Tether Freezes $344M USDT in Coordination with OFAC
Gate News message, April 25 — The U.S. Treasury Department sanctioned multiple cryptocurrency wallets linked to Iran on April 24 as part of efforts to increase economic pressure on the country amid an ongoing ceasefire. Treasury Secretary Scott Bessent said the government will "follow the money
GateNews04-25 08:27
