Tether has apparently blacklisted THORChain’s USDT treasury addresses on TRON, according to a post on X from THORChain technical co-founder Chad Barraford. He called the move unprecedented for the industry and said it raises questions for DeFi protocols about the security of the asset. Barraford added that the team does not know why Tether made the decision and had received no prior communication before the action was taken.
The Defiant reported that the four blacklisted treasury addresses held about 1.45 million USDT in total. Following the blacklist action, THORChain has paused trading and liquidity provider operations on TRON. Activity on other chains has not been affected, based on the information available so far. Barraford said the team is now trying to contact Tether and hopes the move was the result of an error or misunderstanding.
Tether has apparently blacklisted THORChain’s USDT treasury addresses on TRON, according to THORChain technical co-founder Chad Barraford, who disclosed the development in a post on X.
Barraford wrote that 「this is unprecedented in the industry and raises questions for all DeFi protocols about the safety of this asset」. He also said the team does not know why Tether made the decision, received no communication in advance, and is now trying to reach the company in the hope that the action was caused by an error or misunderstanding.
Separately, The Defiant reported that the four blacklisted treasury addresses held about 1.45 million USDT in total. THORChain has paused trading and liquidity provider operations on TRON, while trading on other chains remains unaffected.
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