Tether froze $39.3M in USDT across 10 Tron addresses linked to Xinbi Guarantee, an illicit marketplace processing $24.2B in transactions.
Regulation & Gov ·
Tether froze $39.3M in USDT across 10 addresses on the Tron network that were linked to Xinbi Guarantee, described as an illicit cryptocurrency marketplace. The platform has reportedly facilitated $24.2B in transaction volume.
Tron operates as a high-throughput blockchain settlement layer, particularly dominant for USDT stablecoin activity, processing billions in daily volume at minimal costs. The network uses a Delegated Proof-of-Stake consensus model with 27 elected validators and handles roughly 2,000 transactions per second. Xinbi Guarantee's large transaction volumes routed through Tron addresses highlight how illicit marketplaces have leveraged the network's infrastructure and cost advantages.
The action underscores ongoing tension between Tron's efficiency as settlement infrastructure and its use in financial crime. Whether additional addresses or funds connected to the operation remain frozen, or what enforcement coordination may follow between Tether and blockchain monitoring entities, has not been disclosed.