WuBlockchain
Tether temporarily blacklisted four THORChain vault addresses on TRON, freezing about 1.45 million USDT and prompting THORChain to suspend TRON-related swaps and some other functions. Co-founder Chad Barraford said the team received no prior notice.
Why it matters
The episode shows how a stablecoin issuer’s blacklist can affect activity in protocols that use the token. Tether reversed the action about three hours later, and the affected USDT balances remained intact.
Market impact
THORChain restored the affected services after the addresses were removed from the blacklist. Another 19 addresses blacklisted in the same batch remained listed. Tether has not explained the freeze, and no connection to a specific crypto theft has been confirmed.
Frequently asked questions
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How much USDT did Tether freeze in the THORChain vaults?
Tether froze approximately 1.45 million USDT across four THORChain vault addresses on TRON.
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How long did the four-address freeze last?
Tether removed the four addresses from its blacklist about three hours after blacklisting them.
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What happened to THORChain services during the freeze?
THORChain suspended TRON-related swaps and some other functions, then restored the affected services after the addresses were cleared.
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Were the frozen USDT balances lost?
No. The balances remained intact when Tether removed the four addresses from the blacklist.
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Did Tether explain the freeze or confirm a theft connection?
Tether has not explained the action, and no connection to a specific crypto theft has been confirmed. Another 19 addresses from the same batch remained blacklisted.
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