Tether Freezes $2.2 Million in USDT Linked to…
By Karthik Subramanian
AI summary of the source article
Tether froze approximately $2.21 million in USDT across nine TRON addresses linked to a $15.99 million outflow from CoinDCX. CoinDCX confirmed the loss stemmed from a sweeping service failure and absorbed the impact without affecting customer balances.
Why it matters
The text states that "The latest freeze demonstrates how centralized stablecoin controls can limit the movement of suspected stolen assets even after funds have been transferred across blockchain addresses."
Key facts
- Tether blacklisted nine TRON addresses holding 2,212,850.29 USDT, representing about 13.8% of CoinDCX's 15.99 million USDT loss.
- CoinDCX acknowledged an operational failure in an automated wallet-sweeping service allowed deposits to accumulate in infrastructure compromised in July 2025.
- Analysis showed around $9.63 million of the outflow reached exchanges including Binance, OKX, and Gate within 18 hours.
Source excerpt · FinanceFeeds
Tether has frozen approximately $2.21 million in USDT associated with the $15.99 million cryptocurrency outflow from wallets linked to Indian exchange CoinDCX, marking a significant intervention following the platform's latest security incident. Blockchain intelligence analysis published by BlockintAI shows that Tether blacklisted nine TRON addresses on October 22, 2026, preventing the movement of…