According to Foresight News, blockchain data analysis company Bitrace reported that the TRON network address TNVaKW was frozen by Tether on July 13, with over 29.62 million USDT affected. Bitrace's analysis confirmed that this address was used by the Cambodian Huivang Group for guarantee-related business starting on July 9, 2024.

Bitrace also noted that Huivang has since activated a new business address, TQuFSv, transferring 114,800 USDC from the frozen TNVaKW address. Additionally, the previously announced business address TL8TBp remains operational, and other related addresses for guarantee and payment services have not been frozen in the past six months. The freezing of the address is suspected to be linked to activities involving fraud, theft, and money laundering.