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How Tether uses its USDT 'recovery mechanism' to restore lost user funds

September 14, 2020, 11:48AM EDT  ·  4 min read

Quick Take

  • Tether has the power to “recover” USDT  if a user says they sent it to the wrong address.
  • Here’s an explanation of when they use it, and how it works.
Tether apparently has the power to freeze, destroy, and issue new tokens if a user claims to have sent USDT to the "wrong" address.

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