BEARISH 📉 : Tether freezes $344M USDT on TRON; Arbitrum locks 30,766 ETH after exploit
Tether freezes $344M USDT on Tron; Arbitrum locks 30,766 ETH after Kelp hack
Tether froze $344M USDT on TRON. Arbitrum froze 30,766 ETH tied to Kelp.
Pundit Star said decentralization is a myth. He posted it on X.
He cited USDT admin controls. And the on-chain freeze here.
Tether confirmed the $344M freeze. It worked with U.S. authorities per report.
CNN says the U.S. ordered it. Wallets were linked to Iran per CNN.
Iran chose Bitcoin for Hormuz tolls. It feared stablecoin seizure risk per report.
Justin Sun called Tron most decentralized. He said it after Arbitrum’s move on X.
Arbitrum detailed an emergency lock. It froze 30,766 ETH per statement.
Law enforcement provided identity input. The team noted this in updates.
The Kelp exploiter stole $292M. From Kelp DAO’s bridge per report.
Reactions split across X. Pledditor noted funds were frozen here.
Helius CEO Mert praised it. He called inaction “much worse and dishonorable” on X.
