Tether Freezes $39M USDT Tied to Xinbi, a Telegram-Based Escrow Service
Tether has frozen $39.27 million in USDT across 10 TRON addresses linked to Xinbi Guarantee, according to blockchain-monitoring firm MistTrack.
The freeze follows an earlier Tether freeze involving wallets linked to Huione Guarantee, another Telegram-based escrow service.
Xinbi Guarantee emerged around 2022 as a Telegram-based marketplace that reportedly connected merchants with services linked to scams and money laundering.