Tether freezes about 24.35 million USDT across 5 Ethereum addresses

Tether froze five Ethereum addresses holding a combined roughly 24.35 million USDT about eight hours before the report, according to MistTrack monitoring. The addresses had prior on-chain activity in 2021 and 2023, and one of them had interacted with addresses MistTrack tags as phishing and pig-butchering scam operations. Tether has not disclosed the specific reason for the freeze, and whether the addresses are directly tied to illicit activity remains unconfirmed. The action matters because it shows the issuer continuing to use its blacklist powers to lock stablecoin balances linked to suspected fraud. Next, watch for Tether's formal explanation and any on-chain follow-up from MistTrack on the affected addresses.