USDT Issuer Tether Under Fire for Multi-Sig Lag Enabling Crypto Laundering

Quick Summary:

A new report from AMLBot has revealed that a delay in Tether’s fund-freezing mechanism has allowed criminals to exploit the system and move over $78 million in USDT across Ethereum and Tron since 2017.

In February 2025, breach logs from the BlackBasta ransomware group also referenced AMLBot as a recommended platform to check flagged addresses.

PeckShield suggested that Tether could improve this by bundling the freeze request and necessary signatures into a single on-chain transaction to eliminate delays.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: IndiaGermanyNorth Korea

Topics: Tether USDT 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 18:45:28 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 656 words

Reading Time: 4 minutes read

Sentences: 43 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28733944

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 29 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions