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Tether freezes $93K USDT linked to $667K crypto stolen in violent French home invasions

Market News
24 Aug 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Two violent home invasions in France led to $667K in crypto theft at knifepoint, traced by investigator ZachXBT to a suspect flaunting wealth on Telegram. The stolen Bitcoin was laundered through Chainflip and KuCoin, with some converted to USDT on Ethereum. Following the trail, Tether froze $93K in USDT linked to the suspect's Ethereum address, locking those funds amid ongoing investigations. This case highlights Tether's unique ability to freeze tokens, a key tool against crypto crime, though no arrests have been reported yet.

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