Tether and Circle Freeze $2.49 Million as Iranian Exchange Wallex Rushes Funds to BSC

Tether and Circle simultaneously blacklisted an Ethereum hot wallet belonging to Iranian crypto exchange Wallex, locking stablecoins while the platform was actively moving assets across chains. Blockchain investigator ZachXBT flagged the incident on March 25. The freeze hit address 0x6926…43df, which held roughly $117,000 in Tether (USDT), USD Coin (USDC), and smaller tokens at the
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