Odaily Planet Daily News Blockchain data analysis company Bitrace posted on the X platform that TRON network address TNVaKW was frozen by Tether for more than 29.62 million USDT on July 13. After analysis, it was confirmed that the address was the guarantee-related business address activated by Cambodia Huiwang Group on July 9, 2024. Bitrace also stated that Huiwang has now reactivated the new business address TQuFSv and transferred 114,800 USDC from the frozen TNVaKW address. In addition, its official old related business address TL8TBp is still in normal operation, and its other guarantee and payment business-related addresses in the past six months have not been frozen. The reason for the freezing of the address may be related to assisting in the laundering of funds for criminal activities such as fraud and theft.
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Bitrace: The address where 29.62 million USDT was frozen is the address related to the guarantee business of Cambodia Huiwang Group that month
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