Tether CEO Paolo Ardoino stated that his company froze flagged Tether USD (USDT) wallets an average of four weeks before official sanctions by the US Treasury and Israeli authorities. This action covered wallets linked to Iran and regional groups from 2023 onwards, with Tether acting before Chainalysis identified these addresses in 99% of cases. However, Senate investigators found some delays in freezing wallets linked to Hezbollah, with USDT outflows exceeding $34.6 million after notices. The issue has prompted calls for further investigation into whether Tether violated sanctions or anti-money-laundering laws.
Tether CEO's dispute over USDT wallet freezes offers context for crypto markets. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 20, 2026 10:41 WIB: Of 50 major cryptocurrencies, 24 rose and 25 fell. AVAX traded at Rp172.299 with a 1-day change of -2.12% and 69% sell order activity. FTM was at Rp11.382, down 2.05%. VET stood at Rp121, down 1.63%, with 76% buy order activity.
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