THORChain exec accuses Tether of temporarily freezing USDT vaults
Chad Barraford, technical co-founder of the network, said that the funds were frozen and then unfrozen without explanation.
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What happened
Chad Barraford, technical co-founder of the network, said that the funds were frozen and then unfrozen without explanation.
Reported details
- The incident highlights the vulnerability of DeFi protocols to centralized issuer actions, emphasizing the need for diversified asset management.
- The four Tron addresses came off the USDT blacklist at 15:30 UTC with their balances intact, and THORChain has restarted Tron trading, deposits and signing. The 19 other wallets frozen in the same sweep are still blacklisted.
Why this matters
THORChain exec is a factual update rather than a structural change to tokenized assets. Its value to a desk is the sourced detail and the timing, so read it next to the linked reporting and treat any figure the sources do not state as unknown.
Evidence boundary
The scope is limited to what the linked reports state, and where two of them diverge both positions are recorded without either being picked in advance.
What to verify
Corroborate THORChain exec with one independent dated source, and treat any figure the linked reports do not state as unknown rather than inferred.
Sources and editorial check time
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Cointelegraph: https://cointelegraph.com/news/thorchain-tether-freezing-usdt-addresses
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Crypto Briefing RWA: https://cryptobriefing.com/tether-freezes-usdt-thorchain-vaults-tron/
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The Defiant Live: https://thedefiant.io/news/defi/tether-blacklists-four-thorchain-vaults-holding-1-45-million-usdt
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Editorial source check time: 2026-10-09T19:41:29.504Z
This information is educational and is not financial, legal, or tax advice.