Tether, the company behind the USDT stablecoin, has frozen $344 million worth of its tokens held in two suspicious wallet addresses. The action was taken on April 23, 2026, following verified intelligence shared by multiple U.S. enforcement agencies. Tether stated this rapid intervention prevents illicit fund movement and is part of its routine collaboration with over 340 global law enforcement bodies.
Tether confirmed it froze $344 million USDT after identifying two wallet addresses linked to suspicious activity. The company stated it acted quickly after receiving verified intelligence from authorities.
The freeze followed coordinated communication between Tether and several United States authorities. Once verified, Tether restricted access to the assets to prevent rapid transfers.
The company stated that such enforcement steps have become routine and it now actively participates in ongoing investigations. This method increases the chances of freezing assets before they become harder to trace.
The firm revealed it has made deals with over 340 law enforcement authorities in 65 nations, supporting over 2,300 investigations globally. Of these, more than 1,200 have included American authorities.
In these collaborations, over $4.4 billion worth of properties linked with criminal acts have been frozen. More than $2.1 billion relates to investigations involving the United States government agencies.
The public blockchain plays an essential role in these processes as each transaction produces tracks that can be traced. It allows organizations like Tether to track money flow before funds are distributed widely.
“Tether emphasized it clearly that it is not willing to compromise on its strong policy against the use of its platform for any illegal activities,” according to the company. It strictly follows all sanction policies and constantly monitors transactions.
