THORChain technical co-founder Chad Barraford accused Tether of blacklisting the network's USDT vaults without explanation and then unfreezing them. The incident follows two lawsuits against Tether over frozen USDT.
THORChain technical co-founder Chad Barraford accused the stablecoin issuer Tether of blacklisting the network's USDT vaults without explanation, then unfreezing them hours later.
In a Friday X post, Barraford said Tether had blacklisted THORChain vault addresses, freezing about a combined 1.45 million USDT across four wallets. About two hours later, he reported that trading would resume after the company unfroze all the addresses.
Before the unfreeze, Barraford said THORChain had received no contact from Tether. According to Barraford: "We don't know why this choice was made and have had no comms with USDT" He added that the team was reaching out to Tether for a conversation.
Cointelegraph asked Tether and THORChain for details, but did not receive an immediate response.
Freeze disputes already in court
Earlier this week, cross-border payments platform Conduit Technology filed a lawsuit against Tether. It alleges the company froze $2.76 million worth of USDT in a wallet tied to an investigation launched by Brazilian authorities in 2024.
Separately, two Thai nationals sued Tether in August, alleging it froze $42.4 million in USDT after an alleged informal request from US Homeland Security Investigations.
Source: Cointelegraph
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