Tether has blacklisted several USDT wallets reportedly connected to abnormal outflows from CoinDCX, India's largest crypto exchange, freezing the funds at the smart-contract level. This move prevents any further transfers from those wallets and is part of Tether's enforcement actions following a suspected $16 million loss reported by security analysts, though CoinDCX has not confirmed the figures. The blacklisting immobilizes the funds, impacting liquidity for those addresses, but does not affect other holders of USDT. The incident highlights Tether's ability to rapidly freeze funds without court orders, raising regulatory and compliance questions, especially as India expands its digital asset regulations. Further clarity is expected from Tether's public disclosures and CoinDCX's response, while blockchain analysts may verify the wallet links and total frozen amounts.
USDT trades at Rp18.030 on Pluang with a market cap of Rp3.300,86 trillion as of Oct 24, 2026 08:01 WIB, showing a slight 0.04% decrease in the past day. The news of Tether blacklisting wallets linked to CoinDCX outflows adds to ongoing regulatory scrutiny, though USDT maintains strong liquidity with a 24-hour volume of Rp964,83 trillion. On Pluang, the order activity leans 61% Buy versus 39% Sell, reflecting steady investor interest despite the reported wallet freezes.
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