Tether has blacklisted 100 addresses on Ethereum, network data shows

The number of blacklisted Tether addresses on the Ethereum network has reached 100, according to new findings from The Block Research.

 

Source: Dune Analytics

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Eighty-four of the blacklist actions by Tether took place in 2020, with most of them happening after July. 

The term “blacklisting” means that the addresses in question cannot send, receive, or redeem USDT, thus rendering any Tether tokens held in those addresses unusable. 

As of July 9 of 2020, Tether had blacklisted 39 Ethereum addresses holding the USDT stablecoin. There are various reasons for why an address might be blacklisted, including law enforcement requests or freezing actions by Tether has part of a recovery process. 

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.