According to Cointelegraph, Chad Barraford, technical co-founder of THORChain, stated that Tether temporarily froze certain USDT vault addresses. He noted that the funds were later released without any explanation provided by Tether. The incident occurred at an unspecified time and involved USDT held in designated vault addresses associated with Tether’s operations. Barraford did not specify the number of addresses affected or provide further technical details about the process. He emphasized that no communication from Tether accompanied the freezing or subsequent unfreezing of the funds. The action and its reversal happened without public notice or clarification from Tether’s side. THORChain has not issued additional statements beyond Barraford’s account. No regulatory inquiry or third‑party verification has been mentioned in the report.
