Tether freezes $39.3 million in USDT related to Xinbi Guarantee addresses

Tether has frozen 10 addresses associated with Xinbi Guarantee on the Tron network, involving an amount of approximately $39.3 million USDT. Xinbi Guarantee is a secured exchange market that emerged on Telegram in 2022, described by TRM Labs as one of the largest illegal cryptocurrency markets in Southeast Asia, with a cumulative transaction volume of approximately $24.2 billion.