Bitrace: Benefits to Guarantee Clearance of Money Laundering Merchants, 9.3 Million USDT Flows Out After OFAC Sanctions According to monitoring by blockchain data analysis company Bitrace, another top transaction guarantee platform, "Welfare Guarantee", has started clearing all money laundering related public group merchants last night, including illegal entities commonly known as "card recycling U" and "cash carts". Bitrace stated that the "Welfare Wallet" operated by Welfare Guarantee is currently experiencing rapid capital outflows. Since the US Treasury Department's Office of Foreign Assets Control (OFAC) officially announced sanctions on the Xinbi Guarantee, the wallet has recorded 9.3 million USDT outflows. Bitrace previously stated that due to the sanctions imposed on Xinbi Guarantee, its previously secretly deployed sub guarantee platform has experienced abnormal capital outflows, and a large number of guarantee merchants are rapidly withdrawing from the relevant market.