Tether has reportedly taken action against a Tron (TRX) wallet that is suspected of being involved in criminal activities, including money laundering and fraud. The wallet, which contains over 28 million USDT tokens, has been frozen by Tether. An account dedicated to monitoring Tron and Ethereum stablecoins, known as the USDT/USDC Ban List, revealed that the address TNVaKW has been blacklisted by Tether with $28.25 million in USDT. It is believed that the wallet is associated with the Cambodian company Huione Group. A blockchain security firm called Bitrace has discovered that the frozen wallet, which was activated on July 9, is connected to Huione Group’s Guarantee business. Bitrace’s analysis also revealed that Huione attempted to bypass the freeze by activating a new address, TQuFSv, and transferring $114,800 in USDC from the frozen TNVaKW wallet. Despite Tether’s actions, Huione’s other business addresses, including its old address TL8TBp, are still operational.