39 Tether freezes $435M USDT for U.S. DOJ, FBI & Secret Service (www.naturalnews.com) posted 186 days ago by brain_dead 186 days ago by brain_dead +39 / -0 Tether freezes $435M USDT for U.S. DOJ, FBI & Secret Service – NaturalNews.com The world’s largest “stablecoin” issue is cozying up to the Deep State in an attempt to “expand dollar hegemony.” Tether CEO Paolo Ardoino froze 326 wallets containing $435 million worth of Tether (USDT) for United States authorities including the Departme... 8 comments share 8 comments share save hide report block hide replies
By a "freeze function" I mean whoever the owner is of the smart contracts governing the coins USDT, USDC, TUSD can freeze anyone's account. The contract gives them special privileges to do so.
For example you can see the contract for TUSD here:
https://etherscan.io/token/0x0000000000085d4780B73119b644AE5ecd22b376#writeProxyContract
In the list of functions there is one called setBlacklisted.