Tether freezes $515 million in USDT and blacklists 371 wallets

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Olga Shendetskaya

08.05.2026

Tether freezes $515 million in USDT and blacklists 371 wallets — Tether freezes $515M in USDT, blacklists 371 wallets

Tether has frozen approximately $515 million in its USDT stablecoin over the past 30 days and added 371 addresses to its blacklist. The majority of the frozen funds — about $506 million — were on the Tron network, with $8.73 million frozen on Ethereum.

Highlights

Tether froze $515 million in USDT over the past 30 days.
371 addresses were added to the blacklist (329 on Tron, 42 on Ethereum).
$506 million was frozen on Tron and $8.73 million on Ethereum.
A significant part of the frozen funds was linked to the DSJ and BG Wealth fraud scheme.

Details of the freeze

According to Crypto.news, 329 of the blacklisted addresses were on Tron and 42 on Ethereum. A significant portion of the frozen assets, totaling $38.4 million, was linked to the collapse of the alleged fraudulent scheme involving DSJ Exchange and BG Wealth.

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Blockchain researcher ZachXBT highlighted that wallets associated with the scheme were used to move funds before the freeze.

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But we saved everything 🙂.

Tether has been actively cooperating with law enforcement agencies. Earlier actions included freezing $344 million connected to the Iranian Islamic Revolutionary Guard Corps (IRGC) as part of the U.S. “Economic Fury” operation.

Broader context

In 2025, Tether blacklisted 4,163 unique addresses across Ethereum and Tron, freezing a total of $1.26 billion in USDT. The current wave of freezes underscores Tron’s growing role as a major network for large USDT transfers, while also making it a frequent target for illicit activity.

Tether strengthens enforcement on stablecoin transactions

The scale of Tether’s recent freezes highlights the company’s expanding role in global financial compliance and anti-money laundering efforts. While such actions help combat fraud, sanctions evasion, and criminal networks, they also raise questions about the centralized control over one of the world’s most widely used stablecoins.

As USDT continues to play a central role in crypto trading and cross-border payments, Tether’s blacklist policy is likely to have an increasing impact on how users and institutions interact with the stablecoin.

As previously covered, the Senate Banking Committee is set to notify members on Friday about upcoming amendments to the CLARITY Act.

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