Tether froze $515M in USDT across Ethereum and Tron amid crackdown on illicit crypto activity

Tether froze about $515 million in USDT across 371 Ethereum and Tron addresses over the past 30 days, with most freezes on Tron totaling around $506 million. This action is linked to enforcement against illicit activities, including a $38.4 million freeze related to the collapsed DSJ and BG Wealth Ponzi scheme. The freeze highlights Tether's ongoing cooperation with law enforcement to restrict assets tied to criminal networks and sanctions evasion. This crackdown follows previous large-scale freezes, emphasizing growing regulatory scrutiny in the crypto space.