Report: Tether address blacklist mechanism has delays, over 78 million USD in illegal funds transferred before freezing took effect

ChainCatcher news, according to Cointelegraph, the latest report from the blockchain compliance company AMLBot shows that Tether's wallet blacklist mechanism has significant delays, resulting in over $78 million in illegal funds being successfully transferred before the freeze took effect.
The report points out that Tether's multi-signature contract setup on the Ethereum and Tron blockchains causes an average delay of 44 minutes from submission to effectiveness of the blacklist. On the Ethereum chain, approximately 28.5 million USDT were transferred during the blacklist delay, averaging over $365,000 per transfer. On the Tron chain, $49.6 million evaded the freeze, with about 4.88% of the flagged wallets exploiting this loophole to conduct 2-3 transfers, averaging $292,000 per wallet.