Tether freezes $344M in USDT at request of US authorities

Tether has announced the freezing of 344 million USDT held in addresses linked to illicit activities. The company explained that the action was taken after receiving information from the U.S. Office of Foreign Assets Control (OFAC) regarding illegal activities such as sanctions evasion and criminal networks. Tether added that it has frozen a total of over $4.4 billion to date, with $2.1 billion of that amount related to cases involving U.S. authorities.