Tether froze $39.3M USDT across 10 TRON addresses linked to Xinbi Guarantee, a Telegram-based escrow platform suspected of illicit activity.
DeFi & Yields ·
Tether has frozen approximately $39.27 million in USDT across 10 TRON addresses identified as connected to Xinbi Guarantee, a Telegram-based escrow platform. MistTrack reported the freeze action on the stablecoin issuer's part.
The move follows a pattern of earlier freezes tied to Huione-linked funds, suggesting a broader enforcement effort against escrow services operating on Telegram that are suspected of facilitating illicit activity. MistTrack characterized the action as potentially representing another episode in such crackdowns.
The specific circumstances prompting the freeze—whether prompted by law enforcement, internal compliance review, or intelligence from blockchain monitoring firms—remain unclear. No statement from Tether or regulatory authorities has been made public regarding the grounds for the action or whether further freezes are anticipated.