Tether freezes wallets of those sanctioned by the US Treasury's OFAC to prevent "potential misuse" of Tether tokens, the first significant move by its new CEO (Zack Abrams/The Block)

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Zack Abrams / The Block:

Tether freezes wallets of these sanctioned by the US Treasury’s OFAC to stop “potential misuse” of Tether tokens, the primary vital transfer by its new CEO  —  – Tether has frozen its cash held in crypto wallets sanctioned by the U.S. Workplace of Overseas Asset Controls, the corporate introduced at the moment.