Tether Temporarily Froze $1.45M in USDT Across THORChain Vaults

Four of THORChain’s six TRON vaults were blacklisted by Tether on October 9, freezing about $1.45 million in USDT and disrupting activity on the route. On-chain researcher Khal reported the sequence, which was covered by CoinMarketCap . The addresses later appeared to have been unfrozen at approximately 15:35 UTC, according to THORChain technical co-founder Chad Barraford, and trading was expected to resume. The incident shows how a stablecoin issuer’s address-level controls can affect a cross-chain protocol when its operational vaults hold that issuer’s token.

Source: Crypto Daily