ZachXBT: Iranian exchange Wallex wallet address frozen by both Circle and Tether, approximately $2.49 million in assets stranded on the blockchain.

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According to ChainCatcher, market sources indicate that a wallet address (0x6926408f55c4f322ebe1a3cc7e4fff380c5543df) belonging to the Iranian cryptocurrency exchange Wallex (wallex.ir) has been frozen by both Circle and Tether.

Hours before the aforementioned addresses were frozen, Wallex began using multiple cross-chain bridges to consolidate crypto assets scattered across various hot wallets on the Tron and Ethereum networks to BNB Chain. Currently, approximately $2.49 million in assets are held at the relevant addresses and remain dormant.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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