Tether Freezes $39.3 Million in USDT Linked to Xinbi Guarantee

Tether has frozen around $39.3 million in USDT across ten Tron wallets linked to Xinbi Guarantee, according to blockchain tracing firm MistTrack.

The action was first reported by MistTrack on September 8 and affects balances totaling 39,273,713 USDT.

The largest wallet held over $10 million in USDT, while three other addresses had roughly $8 million each.

Xinbi Guarantee is a Chinese-language marketplace that operates as an escrow service, connecting merchants and buyers using crypto to settle transactions.

TRM Labs estimates Xinbi has processed about $24.2 billion in total transaction volume since 2022, with $12.1 billion in inflows since May 2025 alone.