SlowMist: Tether Freezes Approximately $39.27 Million USDT Across 10 TRON Addresses Linked to Xinbi Guarantee

Foresight News reports, according to monitoring by SlowMist MistTrack, Tether froze approximately $39,273,713 USDT across 10 TRON addresses linked to Xinbi Guarantee yesterday. Following the freezing of funds related to Huiwang Guarantee and HSBC, this appears to mark another crackdown on illegal guarantee platforms based on Telegram. Additionally, sources informed The Block that Xinbi Guarantee is a guarantee trading marketplace that emerged on Telegram around 2022. Blockchain analytics firm TRM Labs has described it as one of Southeast Asia's largest illegal cryptocurrency markets, stating that the platform has processed transactions totaling approximately $24.2 billion.