TRON

<ul class="news-points">
 <li>Tether froze a TRON wallet containing $29.62 million USDT.</li>
 <li>The frozen address is part of Cambodian Huione Group’s guarantee business.</li>
 <li>Huione Group activated the new address TQuFSv, transferring 114,800 USDC from the frozen account.</li>
</ul>
<a href="https://coinedition.com/tether-and-ton-partnership-fuels-stablecoin-adoption-on-telegram/" target="_blank" rel="noopener noreferrer nofollow">Prominent stablecoin issuer Tether</a> has frozen a TRON wallet, TNVaKW, containing $29.62 million in USDT tokens, suspected to be linked to criminal activities and crypto money laundering. This action took place yesterday, July 13, as <a href="https://x.com/USDTBanList/status/1811904659038306519" target="_blank" rel="noopener noreferrer nofollow">highlighted</a> by a dedicated handle on X announcing banned addresses.
Meanwhile, Bitrace, a leading provider of compliance and investigative tools for law enforcement agencies, has weighed in on the development, providing additional context to why the Tron wallet was blacklisted.
According to Bitrace’s analysis, the frozen address is linked to the guarantee business of the Cambodian Huione Group, which was activated on July 9, 2024. However, Huione is attempting to circumvent the freeze by activating a new business address, TQuFSv, and transferring $114,800 USDC from the frozen TNVaKW address.
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The post <a href="https://coinedition.com/tether-freezes-29-62m-usdt-addresses-linked-to-cambodian-huione-group/" rel="noopener noreferrer nofollow">Tether Freezes $29.62M USDT Addresses Linked to Cambodian Huione Group</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Tether Freezes $29.62M USDT Addresses Linked to Cambodian Huione Group

Coin Edition

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