CoinScoopTether freezes $39.3 million in USDT linked to Xinbi Guarantee
Tether has frozen approximately $39.3 million in USDT across 10 addresses on the Tron network associated with Xinbi Guarantee. Xinbi Guarantee is a Telegram-based escrow marketplace that emerged around 2022. Blockchain analytics firm TRM Labs previously identified the platform as a major illicit cryptocurrency market in Southeast Asia, estimating it processed $24.2 billion in transactions.
Summaries are written by AI from the original article. Not investment advice.