On-Chain Enforcement: Frozen Funds of Xinbi Guarantee Rise to Over $45 Million, Scope Expands to Related Business Addresses

Odaily News: According to the latest information, security agency Bitrace's official tracking shows that USDT issuer Tether has frozen 50 blockchain addresses in one go, including 22 business addresses of Xinbi Guarantee, a leading illegal cryptocurrency trading guarantee platform in Southeast Asia, with a total amount of up to $45 million.

According to Bitrace's investigation, the main targets of this freezing action are Xinbi Guarantee's recent business addresses (pledge addresses, transfer addresses, and release addresses), the withdrawal hot wallet addresses of Xpay, an illegal payment tool under Xinbi Guarantee, and some third-party illegal entity addresses that have close financial dealings with Xinbi Guarantee. At least 22 business addresses of the Xinbi Group, involving over $45 million, have been hit on-chain.

It is understood that the fundamental difference between this on-chain enforcement and the previous freezing of funds in a single address related to North Korean hackers by Huiwang Payment is that other related business addresses are also included. Targeting Xinbi Guarantee itself, first, business addresses with recent business funds were frozen, then the withdrawal hot wallets of its payment tools were frozen, and finally, some partner merchant addresses were frozen.

Bitrace also stated that as of September 9, 2026, on-chain enforcement activities by unknown law enforcement agencies are still ongoing. After Xinbi Guarantee's addresses were frozen on the 8th, the temporarily activated business addresses were also frozen that night, with an interval of no more than 12 hours. On-chain enforcement continues.