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Tether Froze $160 mill worth of USDT by ocupation

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· @ocupation ·
$21.46
Tether Froze $160 mill worth of USDT
Tether froze three #ETH addresses, holding over $160 million worth of USDT. Can u imagine the implications? 

No more #USDT for me lads.

![tetherusdtgelglacon.jpg](https://i.imgur.com/CnSYQI7.jpg)

Those accounts won't be able to move funds.

According to etherscan, in total Tether has blacklisted 563 addresses since late 2017.

We're all aware that they work with the regulatory agencies in order to track potentially illegal activities.



The three accounts will now not be able to move funds.

> An address with over $1 million in USDT was frozen in late December.
Tether, which issues tokens on several blockchains, began blacklisting addresses following a November 2017 breach in which the firm said $30 million of USDT was stolen.


> 'Today, Tether has frozen three addresses on the Ethereum blockchain containing $160m USDt upon a request from law enforcement. At the moment we are unable to disclose any further details," a Tether spokesperson wrote in an email.

As already mentioned, it's not the first time they made such a decision. 

It's funny how regulatory agencies have double standards when it comes to regulations. The bigger you are the more you're allowed to do. I'm not implying that stolen assets should be approved, but it's kinda triggering to see the power they hold, nothing else.

I wonder what's going to take to make algorithmic stable coins a thing. I'm thinking on using exclusively #HBD and #DAI as a legitimate stable coins.



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