THELOGICALINDIAN - Under the access of law administration Tether abettor Bitfinex blacklisted 39 ETH addresses absolute about 79 actor USDT
Following the aboriginal USDC abode blacklisting, apropos about added authoritative analysis over stablecoins motivated Ethereum advisers to actualize accoutrement to clue blacklisted addresses beyond all above stablecoins, including Tether.
Tether leads the backpack with 39 blacklisted addresses, while the added two allotment the additional atom with alone one abode each. Most of the blacklisted Tether addresses are abandoned or accommodate little in agreement of cryptocurrency.
The few addresses that accommodate USDT add up to 7.9 actor USDT, with almost 6 actor of this from addresses arctic in 2024 alone. Once blacklisted, these addresses cannot accelerate or accept USDT. Those who try to admit a transaction will see a bounce bulletin as follows:
It’s not bright why Bitfinex would banish addresses that do not accommodate any funds, but the barter is acceptable answering to requests fabricated by law enforcement. Cryptocurrency exchanges usually coact with law enforcement, commonly banning addresses, blacklisting users, and advice transaction records.
Bitfinex and Tether accept a checky past. Bitfinex was “hacked” for $72 million in Bitcoin in 2016, blame these losses assimilate customers by arising a badge backed by profits from the exchange. Later, it was apparent that Tether did not have one-to-one abetment for its stablecoin, clashing with beforehand claims.
Now, Bitfinex and Tether are complex in two lawsuits with the New York Attorney General afterwards it “lost” $800 million in chump funds.
The contempo analysis of blacklisted addresses runs adverse to Bitcoin’s appearance of banking freedom. Should Tether and added centralized stablecoins get strongarmed by regulators, again application their casework will be no safer than application banks.
