THORChain Pitches a DEX That Can't Freeze Funds. Tether Just Froze $1.45M in Its Vaults

THORChain, a DEX built on the promise that nobody can freeze funds, had $1.45 million frozen on October 9 when Tether blacklisted its vault addresses on Tron, locking USDT in the protocol's own custody. The move undermines the project's core pitch of non-custodial, freeze-resistant trading.