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Over the past 30 days, Tether froze more than $514 million in USDT spread across 376 addresses on the Ethereum and Tron networks, according to onchain data from BlockSec. Of the total, approximately $505.9 million was tied to Tron—333 addresses—while $8.77 million involved Ethereum, affecting 43 addresses, highlighting a concentration of enforcement activity on the blockchain associated with Justin Sun.
During 2025, Tether blacklisted about 4,163 unique addresses across both networks and blocked a total of $1.26 billion. More than half of that amount—around $698 million—was later destroyed through the “destroyBlackFunds” function in the relevant contracts. Only 3.6% of sanctioned addresses were removed from the blacklist, suggesting freezes are rarely reversed once applied.
An analysis covering 2023 to 2025 estimated that Tether froze approximately $3.3 billion in USDT across 7,268 addresses. The figure was described as substantially larger than Circle’s freezes over the same period for USDC.
In February, Tether disclosed that it had frozen around $4.2 billion over three years due to ties to illicit activity, with approximately $3.5 billion blocked since 2023.
One of the largest actions cited in the year occurred in April, when Tether worked with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) to freeze more than $344 million in USDT across two Tron addresses allegedly linked to Iran-related sanctions evasion.
In February, Tether also cooperated with authorities to seize more than $61 million connected to pig butchering scams.
The expanding scale of these blocks has fueled debate about the extent of control centralized issuers can exert over assets circulating on decentralized networks, and about who determines when and how intervention mechanisms are triggered.
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