Authorities Collaborate with Tether to Lock Down Hundreds of Millions in Stablecoins on Tron Network
Tether, the issuer of the stablecoin USDT, has frozen more than 344 million tokens on the Tron blockchain. The action involved two wallet addresses and followed information from United States authorities about suspected unlawful activity. Tether carried out the freeze in coordination with the Office of Foreign Assets Control, a United States Treasury Department sanctions office, and other law enforcement agencies. The company described the move as one of its largest compliance actions on record against funds flagged for illicit activity.
"USDT is not a safe haven for illicit activity.", 23 April 2026. — Paolo Ardoino, Chief Executive Officer, Tether
wallet balances and freeze breakdownThe two frozen Tron wallets together held slightly more than 344 million USDT at the time of the action. One wallet contained approximately 213 million tokens and the second wallet held roughly 131 million tokens, according to blockchain monitoring reports that reviewed the addresses linked to the freeze. These figures match the total disclosed by Tether in its statement, which referred to a freeze of more than 344 million tokens across both wallets. Tether did not publicly confirm the individual address balances but did confirm the combined frozen amount.
tether’s broader enforcement track recordTether reports a growing compliance footprint that extends beyond this single action. The company says it has cooperated with more than 340 law enforcement agencies in 65 countries on stablecoin cases. According to its latest figures, this cooperation has supported more than 2,300 cases worldwide and led to freezes exceeding 4.4 billion dollars in assets. Tether states that more than 2.1 billion dollars of those frozen assets relate specifically to authorities in the United States. These totals are higher than earlier public figures that cited around 4.2 billion dollars in frozen assets.
previous large-scale tether freeze in 2023An earlier major freeze by Tether occurred in November 2023 during a human trafficking investigation in Southeast Asia. In that case, the company blocked about 225 million USDT in wallets connected to a so-called pig butchering scam, a fraud model that uses social engineering and fake investments. Tether describes both the November 2023 freeze and the new 344 million token action as among its largest asset freezes on record. "USDT is not a safe haven for illicit activity.", 23 April 2026. — Paolo Ardoino, Chief Executive Officer, Tether
wallet balances and freeze breakdownThe two frozen Tron wallets together held slightly more than 344 million USDT at the time of the action. One wallet contained approximately 213 million tokens and the second wallet held roughly 131 million tokens, according to blockchain monitoring reports that reviewed the addresses linked to the freeze. These figures match the total disclosed by Tether in its statement, which referred to a freeze of more than 344 million tokens across both wallets. Tether did not publicly confirm the individual address balances but did confirm the combined frozen amount.
tether’s broader enforcement track recordTether reports a growing compliance footprint that extends beyond this single action. The company says it has cooperated with more than 340 law enforcement agencies in 65 countries on stablecoin cases. According to its latest figures, this cooperation has supported more than 2,300 cases worldwide and led to freezes exceeding 4.4 billion dollars in assets. Tether states that more than 2.1 billion dollars of those frozen assets relate specifically to authorities in the United States. These totals are higher than earlier public figures that cited around 4.2 billion dollars in frozen assets.
previous large-scale tether freeze in 2023An earlier major freeze by Tether occurred in November 2023 during a human trafficking investigation in Southeast Asia. In that case, the company blocked about 225 million USDT in wallets connected to a so-called pig butchering scam, a fraud model that uses social engineering and fake investments. Tether describes both the November 2023 freeze and the new 344 million token action as among its largest asset freezes on record. wallet balances and freeze breakdownThe two frozen Tron wallets together held slightly more than 344 million USDT at the time of the action. One wallet contained approximately 213 million tokens and the second wallet held roughly 131 million tokens, according to blockchain monitoring reports that reviewed the addresses linked to the freeze. These figures match the total disclosed by Tether in its statement, which referred to a freeze of more than 344 million tokens across both wallets. Tether did not publicly confirm the individual address balances but did confirm the combined frozen amount.
tether’s broader enforcement track recordTether reports a growing compliance footprint that extends beyond this single action. The company says it has cooperated with more than 340 law enforcement agencies in 65 countries on stablecoin cases. According to its latest figures, this cooperation has supported more than 2,300 cases worldwide and led to freezes exceeding 4.4 billion dollars in assets. Tether states that more than 2.1 billion dollars of those frozen assets relate specifically to authorities in the United States. These totals are higher than earlier public figures that cited around 4.2 billion dollars in frozen assets.
previous large-scale tether freeze in 2023An earlier major freeze by Tether occurred in November 2023 during a human trafficking investigation in Southeast Asia. In that case, the company blocked about 225 million USDT in wallets connected to a so-called pig butchering scam, a fraud model that uses social engineering and fake investments. Tether describes both the November 2023 freeze and the new 344 million token action as among its largest asset freezes on record. The two frozen Tron wallets together held slightly more than 344 million USDT at the time of the action. One wallet contained approximately 213 million tokens and the second wallet held roughly 131 million tokens, according to blockchain monitoring reports that reviewed the addresses linked to the freeze. These figures match the total disclosed by Tether in its statement, which referred to a freeze of more than 344 million tokens across both wallets. Tether did not publicly confirm the individual address balances but did confirm the combined frozen amount.
tether’s broader enforcement track recordTether reports a growing compliance footprint that extends beyond this single action. The company says it has cooperated with more than 340 law enforcement agencies in 65 countries on stablecoin cases. According to its latest figures, this cooperation has supported more than 2,300 cases worldwide and led to freezes exceeding 4.4 billion dollars in assets. Tether states that more than 2.1 billion dollars of those frozen assets relate specifically to authorities in the United States. These totals are higher than earlier public figures that cited around 4.2 billion dollars in frozen assets.
previous large-scale tether freeze in 2023An earlier major freeze by Tether occurred in November 2023 during a human trafficking investigation in Southeast Asia. In that case, the company blocked about 225 million USDT in wallets connected to a so-called pig butchering scam, a fraud model that uses social engineering and fake investments. Tether describes both the November 2023 freeze and the new 344 million token action as among its largest asset freezes on record. Tether reports a growing compliance footprint that extends beyond this single action. The company says it has cooperated with more than 340 law enforcement agencies in 65 countries on stablecoin cases. According to its latest figures, this cooperation has supported more than 2,300 cases worldwide and led to freezes exceeding 4.4 billion dollars in assets. Tether states that more than 2.1 billion dollars of those frozen assets relate specifically to authorities in the United States. These totals are higher than earlier public figures that cited around 4.2 billion dollars in frozen assets.
previous large-scale tether freeze in 2023An earlier major freeze by Tether occurred in November 2023 during a human trafficking investigation in Southeast Asia. In that case, the company blocked about 225 million USDT in wallets connected to a so-called pig butchering scam, a fraud model that uses social engineering and fake investments. Tether describes both the November 2023 freeze and the new 344 million token action as among its largest asset freezes on record. An earlier major freeze by Tether occurred in November 2023 during a human trafficking investigation in Southeast Asia. In that case, the company blocked about 225 million USDT in wallets connected to a so-called pig butchering scam, a fraud model that uses social engineering and fake investments. Tether describes both the November 2023 freeze and the new 344 million token action as among its largest asset freezes on record. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.