$78 Million Laundering Loophole Exposed in Tether's Freezing Mechanism

In a startling revelation, a report by blockchain forensics firm AMLBot has uncovered a significant flaw in Tether's freezing mechanism for its USDT stablecoin, resulting in over $78 million being lost to illicit actors since 2017. The delay in executing freeze requests has created a loophole that bad actors have exploited to move funds before their addresses are blacklisted.

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