Crypto
Tether Freezes $39M in USDT Linked to Sanctioned Xinbi Network
Tether has frozen approximately $39.27 million in USDT linked to Xinbi Guarantee through 10 Tron wallets identified by MistTrack.
Xinbi's parent company has been under UK sanctions since March for alleged ties to Southeast Asian scam centers.
This move marks the latest instance of Tether cracking down on illicit activities using its stablecoins, with the firm blacklisting 376 addresses and freezing $169.71 million USDT in the past 30 days alone.