Tether Freezes About $2.2 Million in USDT Tied to CoinDCX Outflows

Tether froze about $2.2 million in USDT tied to CoinDCX outflows after the exchange acknowledged losses linked to a failed process for securing deposits to retired wallet addresses. The amount applies to the frozen USDT, while CoinDCX’s acknowledgment concerns the deposit process. Deposits sent to addresses the exchange had retired were affected by the failed security process. The $2.2 million figure is the freeze amount, not a stated total for the exchange’s losses.