Shocked
Huione Group in Cambodia suffered a heavy blow!
Tether freezes USDT worth 29.62 million
💥 Latest news: Tether has frozen USDT worth 29.62 million, pointing directly to the illegal activities of Huione Group in Cambodia! This wave of operations is comparable to the plot of a blockbuster movie!
🚨 According to blockchain security company Bitrac, the affected wallet "TNVaKW" is related to Huione Group's guarantee business and was locked in just one week. But the question is, the address has successfully transferred 114,800 USDC to the new address TQuFSv. Is this freezing measure really effective?
🔍 Huione Group has been accused of being a hotbed of fraudulent activities. Tether's big move is intended to clean up the currency circle environment. Since 2021, USDT has helped facilitate more than $11 billion in transactions, many of which are suspected of fraud. Tether said the freeze is part of its broader plan to combat illegal activities in the cryptocurrency field.
🔒 However, despite Tether's freeze on USDT, the USDA is still transferring it to the relevant addresses, which shows that there are still challenges in completely eliminating illegal activities. Friends in the cryptocurrency circle, protect your assets, safety first!
