Report: Tether Address blacklist mechanism has latency, over 78 million USD of illegal funds were transferred before the freeze took effect.

2025-05-15 14:35:10

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According to ChainCatcher news reported by Cointelegraph, the latest report from the blockchain compliance company AMLBot shows that Tether’s wallet blacklist mechanism has significant latency, resulting in over $78 million in illegal funds being successfully transferred before the freeze took effect.

The report indicates that Tether’s multi-signature contract settings on the Ethereum and Tron blockchains result in an average latency of 44 minutes for blacklisting from submission to effectiveness. On the Ethereum chain, approximately 28.5 million USDT were transferred during the blacklisting latency period, with an average transfer exceeding $365,000 each time. On the Tron chain, there was $49.6 million circumventing freezing, with about 4.88% of the marked wallets exploiting this loophole for 2-3 transfers, averaging $292,000 per wallet.

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