Tether froze $344 million worth of its stablecoin (USDT) across two Tron (TRX) wallets on Thursday, its largest single enforcement move to date.
Record USDT Freeze On Tron
The stablecoin issuer said the freeze followed information shared by the Office of Foreign Assets Control and U.S. law enforcement. The two blocked addresses held roughly $212.9 million and $131.3 million.
Investigators tied the wallets to sanctions evasion and criminal networks before the action was executed.
The company said the entire process, from identification to freeze, ran in minutes. Officials at Tether did not name the suspected operators behind the addresses.
Also Read: Ethereum Nears $2,450 Showdown As Bulls And Bears Split On Next Move
Ardoino Defends Compliance Posture
Tether CEO Paolo Ardoino framed the move as part of a wider compliance stance, saying USDT is not a safe haven for illicit activity.
The firm now works with more than 340 agencies across 65 countries, supporting over 2,300 cases.
Earlier this month, Tether backed a $150 million recovery plan for Drift Protocol after attackers drained about $285 million. The company has also helped U.S. authorities seize roughly $225 million tied to pig butchering fraud.
Read Next: TRON Connects $85B USDT Network To LI.FI In Cross-Chain DeFi Push