Tether Froze $1.45M in USDT Across Four THORChain Vaults
Photo: TokenPost
Tether temporarily blacklisted four of THORChain’s six TRON vaults holding about $1.45 million in USDT, disrupting cross-chain trading and related operations on Oct. 9. The restriction halted trading on THORChain’s TRON route, along with transaction signing and liquidity-provider activity. About $363,000 in payouts entered a queue while the vault addresses were restricted. The addresses later appeared unfrozen at about 11:35 a.m. ET (15:35 UTC), and THORChain technical co-founder Chad Barraford said trading was expected to resume. The incident affected a key operational layer of the cross-chain protocol because its TRON vaults held USDT directly.
Also reported by Crypto News Flash.
Source: TokenPost
