Tether Freezes, Then Unfreezes THORChain's TRON USDT Vaults
• Oct 9: Tether blacklisted 4 of THORChain's 6 TRON vaults, locking about $1.45M USDT (93% of its TRON USDT)
• THORChain's TRON swaps and signing halted, about $363K in payouts queued; vaults unfrozen roughly 3 hours later
• THORChain says it got no notice and no reason; 19 other wallets stay frozen
The takeaway cuts against decentralization claims: USDT on TRON sits under issuer control no matter who holds the keys. Tether has not explained the move. Not financial advice, DYOR.
$USDT $TRX
• Oct 9: Tether blacklisted 4 of THORChain's 6 TRON vaults, locking about $1.45M USDT (93% of its TRON USDT)
• THORChain's TRON swaps and signing halted, about $363K in payouts queued; vaults unfrozen roughly 3 hours later
• THORChain says it got no notice and no reason; 19 other wallets stay frozen
The takeaway cuts against decentralization claims: USDT on TRON sits under issuer control no matter who holds the keys. Tether has not explained the move. Not financial advice, DYOR.
$USDT $TRX