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