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Tether freezes $39.3M USDT linked to Xinbi Guarantee amid crackdown on illicit escrow activity.

Market News
09 Sep 2026
Coincu
View Source
Bearish
Tether freezes $39.3M USDT linked to Xinbi Guarantee amid crackdown on illicit escrow activity.

Tether has frozen approximately $39.3 million worth of USDT tokens linked to Xinbi Guarantee across 10 TRON blockchain addresses, according to MistTrack's report on September 8, 2026. This action appears to be part of a broader crackdown on illicit Telegram-based escrow platforms, following previous freezes related to Huione-linked funds. The freeze highlights Tether's control over stablecoin settlements and its extension of sanctions policies to secondary markets. However, the exact reasons and legal basis for this freeze remain unconfirmed by Tether, and the full details of the affected addresses and transactions have not been independently verified. The situation underscores the importance for custodians and compliance teams to monitor issuer interventions and legal developments related to stablecoin holdings.

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