THORChain co-founder Chad Barraford said the team received no prior notification from Tether before the freeze occurred. While the four THORChain vaults were released, 19 other addresses blacklisted in the same batch remained restricted at the time of reporting. Tether has not provided a reason for the immobilization, and no connection to a specific theft of cryptocurrency has been confirmed.
Wednesday, October 21, 2026
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Tether Unfreezes 1.45M USDT in THORChain Vaults After 3 Hour Freeze
Crypto12 days ago
The decentralized exchange THORChain halted its operations on the Tron network on Oct. 9 after its vault addresses were blacklisted by Tether. Tether immobilized approximately $1.45M in USDT across four separate vaults, forcing a suspension of Tron-related swaps and liquidity-provider functions. These services were restored roughly three hours later after Tether removed the addresses from its blacklist with all asset balances remaining intact.
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