According to TechFlow, on July 13, Tether froze a TRON wallet TNVaKW containing $29.62 million USDT, suspecting it was related to criminal activities and cryptocurrency money laundering. Bitrace analysis pointed out that the address was related to the guarantee business of Huione Group in Cambodia, and Huione was trying to transfer funds through a new address TQuFSv to circumvent the freeze. Bitrace warned Web3 practitioners to be vigilant when engaging in crypto payment business, ensure compliance and due diligence to avoid legal and financial risks.