Tether Blacklists USDT Wallets Linked to CoinDCX Outflows
AI summary
Tether blacklisted USDT wallets tied to outflows from Indian exchange CoinDCX, with AMLBot estimating the frozen amount at roughly $2.2 million. CoinDCX had acknowledged losses after a failed process for securing deposits to retired addresses. The freeze highlights ongoing security and compliance risks at centralized exchanges, a factor traders weigh when assessing counterparty exposure.
