According to ME News, on August 6 (UTC+8), Darcy, co-founder of Flash Rescue, tweeted that after analyzing 2,955 Tether freezing events on Ethereum and TRON, his team found that 60 high-risk addresses transferred all their assets prior to the freeze execution, moving approximately 20.43 million USDT. Additionally, 113 addresses transferred partial assets in advance, involving about 35.52 million USDT. On average, Tether took approximately 2 hours and 16 minutes from publicly announcing a freeze proposal to executing it, creating a significant time window between announcement and execution. Some addresses may have monitored public proposals and exploited this delay to preemptively move illicit funds. This mechanism has led to failed asset freezes and undermined the effectiveness of sanctions, anti-money laundering, and law enforcement cooperation measures. (Source: Foresight News)
Over 20 million USDT moved before Tether’s freezes took effect
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Summary
A recent on-chain analysis by Flash Rescue co-founder Darcy, shared via MetaEra, reveals that over 20.43 million USDT were transferred from high-risk addresses prior to Tether’s freezes. The study examined 2,955 freeze events on Ethereum and TRON, identifying 60 addresses that fully emptied their holdings and 113 that partially withdrew. The average time between Tether’s public freeze announcement and execution was 2 hours and 16 minutes, enabling preemptive transfers. This behavior may be reflected in the Fear & Greed Index, as traders move assets to avoid restrictions.
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