Tether Freezes $39M USDT in Xinbi-Linked TRON Wallets
TRON (TRX)
Editor:
Eugene Serbin
coinedition.com reports that Tether froze $39.27 million in USDT across ten TRON addresses linked to Xinbi Guarantee on September 8. Blockchain-monitoring firm MistTrack confirmed the wallets held 39,273,713 USDT at the time of the freeze. This action follows a previous freeze involving wallets associated with Huione Guarantee, another Telegram-based escrow service.
The addresses are part of a network accused of facilitating illicit cryptocurrency activity, including scams and money laundering. Xinbi Guarantee emerged around 2022 as a marketplace connecting merchants with services linked to these activities. Blockchain investigators estimate that Xinbi-linked wallets processed nearly $24 billion in USDT, with most transactions occurring on TRON.
The UK sanctioned Xinbi in March over alleged links to scam compounds and human rights abuses. Tether can blacklist addresses through its USDT contracts, preventing those wallets from transferring tokens. This highlights the issuer’s centralized control over the stablecoin. Tether had not explained the freeze or confirmed a law-enforcement request as of publication.
How the market reacted
Whalio's own Binance spot order flow for TRX, measured when this story was written up on 8 September 2026. Not the outlet's figures.
TRX is trading at $0.3346 with a 1-hour buy ratio of 63.0%, indicating strong short-term buying pressure. This contrasts with a 4-hour buy ratio of 34.4%, suggesting that the recent buying surge is reversing after a period of selling. Over 24 hours, the buy ratio sits at 50.5%, showing a balanced market over the longer timeframe. The 1-hour volume delta is positive at $113,795, reflecting immediate buyer aggression. However, the 4-hour volume delta is negative at -$1,953,386, indicating that sellers dominated the previous four hours. The 24-hour volume delta is positive at $272,763, with a cumulative buying pressure (CVD) of $1,403,132. Net buying occurred for 15 of the last 24 hours, supporting the current price level.
The latest daily buy ratio of 49.7% sits at the 33rd percentile of the last 322 days, against a median of 52.4% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for TRX, averaged over the days leading up to the story.
The current 24-hour buy ratio of 50.5% is slightly below the 7-day average of 51.6%, showing a minor deviation from recent trends. Volume over the last day is at 0.90x the weekly average, indicating slightly lower-than-average trading activity. This is an ordinary day for the coin, with net buying occurring on 4 of the last 7 days. The price has changed by +0.6% over the past 8 days, showing minimal movement. The 8-day total volume delta is -$1,455,624, contrasting with the positive 24-hour delta.