Odaily News Blockchain compliance company AMLBot released a report stating that Tether has experienced latency when blacklisting suspect addresses, resulting in over $78 million USDT being transferred before the freezing took effect. This latency stems from Tether’s multi-signature contract mechanisms on Ethereum and Tron, where the blacklisting process requires two multi-signature transaction confirmations, during which there is an average time difference of 44 minutes. During this window, attackers can monitor the blacklisting submission transactions in real-time and quickly transfer assets, thereby circumventing the freezing measures. The report points out that since 2017, about 170 Tron addresses have exploited this latency, with each address transferring nearly $290,000 on average before being formally blacklisted. This incident has raised questions about Tether’s compliance enforcement efficiency. (Cointelegraph)
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