$39.3M in USDT Frozen Across Xinbi-Linked Wallets

Tether has frozen approximately $39.3 million in USDT across 10 TRON addresses linked to Xinbi Guarantee, a Chinese-language Telegram-based escrow and guarantee marketplace.

MistTrack identified the addresses on September 8 through wallet labels, transaction activity, and connections to addresses associated with Xinbi's network.

Xinbi Guarantee was among several Telegram-based guarantee marketplaces removed in May 2025 for allegedly operating through escrow-style arrangements that allowed users to conduct transactions with the marketplace acting as an intermediary.