Major Sanction Incident: Iranian Crypto Exchange's Core Wallet Frozen by Top Stablecoin Issuers, Nearly $2.5 Million in Assets Locked
A core wallet address of Iranian crypto exchange Wallex was simultaneously frozen by Circle (USDC issuer) and Tether (USDT issuer). Prior to the freeze, the exchange attempted to consolidate assets onto BNB Chain via cross-chain bridges, but was unsuccessful. Approximately $2.49 million in assets are now stranded on-chain, highlighting significant compliance risks and asset security concerns.
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