Chad Barraford, the network’s technical co-founder, said the funds were frozen and then unfrozen without explanation.
THORchain technical co-founder Chad Barraford accused stablecoin issuer Tether of blacklisting the network’s USDt (USDT) vaults without explanation, then unfreezing them hours later.
A Friday at X Post, Barraford said Tether that blacklisted THORchain vault addresses, accumulated around 1.45 million USDT in network funds across four wallets. He said trading resumed about two hours after all company addresses were unfrozen.
“We do not know why this choice was made and have had no contact with USDT prior to this action and are actively reaching out for a dialogue,” said Before closing the Barraford addresses. “We hope this was done in error/misunderstanding.”
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