Tether: Wallet addresses subject to OFAC sanctions have been frozen

According to The Block, Tether stated that the company has frozen individual wallets that are subject to sanctions by the US Office of Foreign Assets Control (OFAC).

Tether stated that its purpose is to "proactively prevent any potential abuse of Tether tokens and enhance security measures," and clarified that wallets currently on the OFAC list will be frozen, and any new wallets added in the future will also be frozen.