USDT Freeze Report for Q2 2026: numbers straight from the chain
This is the first edition of our periodic USDT freeze report. Every number is collected directly from Tether's smart-contract events on Ethereum and TRON (AddedBlackList / RemovedBlackList / DestroyedBlackFunds). This is first-party issuer data, not somebody's sample. Cite freely with a link to Onyx AML.
Q2 2026 headline numbers (April to June)
- 1,143 addresses were added to the USDT blacklist during the quarter: 1,016 on TRON (89%) and 127 on Ethereum. TRON, where P2P lives, remains the main freeze arena.
- By month: April 451, May 328, June 364. Roughly 12 to 15 addresses per day on average.
- Since March 2025, ≈$554M USDT has been burned from blacklisted Ethereum addresses (353 DestroyedBlackFunds events). These are funds the issuer destroyed and reissued, mostly under court orders and law-enforcement requests.
- Unfreezes happen, but rarely: on Ethereum since March 2025 we count 262 RemovedBlackList events against 864 freezes. A freeze is long-term.
The anomaly: 175 freezes in one day on July 1
On July 1, 2026, the day MiCA's transition window closed, we recorded 175 freezes in 24 hours (173 on TRON), roughly 20× June's daily average. 131 addresses were frozen in a single batch at 08:00 UTC, the signature of a coordinated action (typical of issuer/law-enforcement joint operations such as the T3 Financial Crime Unit). To be honest: we note the coincidence with the MiCA deadline; we cannot confirm causation.
What it means for you
The freeze machine keeps scaling (Tether froze $1.26B in 2025), while unfreezing stays rare and slow. The takeaways are simple:
- Check your counterparty before the deal: the free checker shows blacklist/sanctions/scam signals in 2 seconds.
- If you've already received "dirty" USDT, don't push it to an exchange; understand your position first: frozen vs blacklisted.
- If you've been scammed, speed decides: the free tracer shows whether the funds reached an exchange that can freeze them.
Methodology and honest limits
The source is USDT smart-contract events collected by our own keyless collector. Ethereum coverage is full since March 2025; TRON coverage is a window that starts on March 31, 2026 (so Q2 quarterly numbers are complete, while year-over-year comparisons are Ethereum-only). TRON RemovedBlackList events are not served by the public API, so unfreeze statistics are Ethereum-based. We do not estimate frozen balances per address (that requires balances at freeze time); burned amounts are exact, taken from the events themselves. Live, daily-updated numbers are on the Freeze Radar page; every frozen address has a public status page.
Next
The next edition follows Q3 2026. If you're a journalist or researcher and need data cuts, write to us. We share them free with one condition: link the source.