Ethereum Chain Freezes Address Holding 9 Million USDT
CryptoNewsTerminal Staff13 Sep, 2024
Ethereum Chain Freezes Address Holding 9 Million USDT
According to Whale Alert, an address holding 8,951,949 USDT on the Ethereum (ETH) network was frozen at approximately 5:38 AM KST on September 14. The frozen address had been under investigation because of its connections to several suspicious transactions. The freeze was executed by the Ethereum Foundation, which has the authority to freeze addresses that are linked to illegal activities. The address was frozen in order to prevent the funds from being moved or used in any way. The freeze is a reminder of the importance of security on the Ethereum network. The Ethereum Foundation is constantly working to improve the security of the network and to protect users from fraud.
