Overview
- AMLBOT reports Tether blacklisted 7,268 addresses from 2023 to 2025, with more than 2,800 actions coordinated with U.S. law enforcement.
- The dataset estimates about $3.3 billion in USDT frozen, with over 53% on Tron and $1.54 billion in banned wallets on Ethereum.
- Tether employs a freeze–burn–reissue mechanism that can destroy seized tokens and mint replacements to facilitate recoveries.
- Circle is cited as freezing about $109 million across 372 addresses, concentrated on Ethereum, and it does not burn or reissue tokens after freezes.
- The findings describe divergent enforcement philosophies, with Tether favoring rapid intervention and Circle emphasizing formal legal directives.