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Tether has frozen a Tron wallet containing over 29.62 million USDT tokens. The address, TNVaKW, was linked to a guarantee business initiated by Cambodia's Huwang Group on July 9. Blockchain data analysis company Bitrace confirmed the address's connection to fraudulent activities, including money laundering. An address with a balance of 28,257,162 USDT (28,267,638 USD) was also frozen. This freeze is part of a broader crackdown on illicit financial activities within the cryptocurrency sector.
Tether has reportedly frozen a Tron (TRX) wallet containing more than 28 million USDT tokens suspected to be proceeds of criminal activities, including money laundering and fraud https://t.co/zZ5arAuUQO
[BITRACE] #Tether Freezes $29.62M in $USDt on Tron Address Linked to Cambodian Fraud Scandal $TRX https://t.co/UF4lH5K66m
On July 13, the Tron address TNVaKW was frozen by Tether, involving over 29.62 million USDT. According to blockchain data analysis company Bitrace, it was confirmed that this address was related to a guarantee business initiated by Cambodia's Huwang Group on July 9. The reason…