Tether freezes approximately $39.3 million USDT across 10 addresses linked to Xinbi Guarantee

Odaily News: According to sources familiar with the matter, Tether has frozen 10 Tron addresses associated with Xinbi Guarantee today, involving approximately $39.3 million in USDT. The freeze was first reported by MistTrack, the on-chain tracking platform under SlowMist.

Xinbi Guarantee is a Chinese-language escrow trading marketplace that emerged on Telegram around 2022. TRM Labs has previously described it as one of the largest illegal cryptocurrency markets in Southeast Asia, stating that it has processed approximately $24.2 billion in transactions cumulatively. (The Block)