Security Incident: Tether freezes $29.62 million USDT addresses related to Cambodia's Huione Group

ChainCatcher news, Tether has frozen a TRON wallet TNVaKW containing 29.62 million USD in USDT, suspected to be related to criminal activities and cryptocurrency money laundering.

Bitrace analysis indicates that this address is linked to the guarantee business of the Cambodian Huione Group, which is attempting to transfer funds through a new address TQuFSv to evade the freeze. Bitrace warns Web3 practitioners to remain vigilant when engaging in cryptocurrency payment activities, ensuring compliance and due diligence to avoid legal and financial risks.