Lisk Blockchain Shuts Down Amid Token Burn; USDT Faces Challenges with Criminal Freezes
Lisk Blockchain Shuts Down Amid Token Burn; USDT Faces Challenges with Criminal Freezes
Lisk (LSK) is set to shut down its blockchain on October 31st, concluding a decade of operation. The move will include the burning of 100 million LSK tokens as the project shifts its focus towards stablecoin business finance.
Meanwhile, Tether (USDT) is grappling with sophisticated criminal activity, as illicit funds in USDT are being moved from blacklisted Tron wallets before Tether's multi-signature freezing process can be finalized, highlighting a critical race against time for asset control.
Lisk will shut down its blockchain on October 31, burn 100 million LSK, and pivot to stablecoin business finance.
On June 5, 2025, a Tron wallet held $37.3 million in USDT when Tether began blacklisting it. The freeze took 5.7 minutes to pass through the issuer’s multisignature wallet. Two minutes before the final approval, the entire balance moved. So, there is always a dramatic race between networks like Tether and criminals, often decided in