Approximately 1.28 billion USDT across two addresses have been frozen

TechFlow reported on Oct. 30 that, according to Whale Alert monitoring, two addresses holding large amounts of USDT were frozen one after another at 05:10 and 05:11 Beijing Time. One address held approximately 312,729,468 USDT (about $313 million), and the other held approximately 971,149,299 USDT (about $971 million), totaling about $1.28 billion.

USDT issuer Tether can freeze designated addresses at the contract level, and USDT in frozen addresses cannot be transferred. The identities of the frozen addresses and the reasons for the freezes have not yet been disclosed, and it remains unconfirmed whether this is related to the abnormal outflow from Binance's hot wallet early this morning. TechFlow will continue to monitor.

Source: TechFlow