Bitrace: Welfare Guarantee begins to refund money laundering type merchants, 9.3 million USDT flowed out after OFAC sanctions

According to blockchain data analysis company Bitrace, another leading trading guarantee platform "Welfare Guarantee" began to withdraw all money laundering-related public group merchants last night. The withdrawal scope includes illegal entities commonly known as "Card Connection Back to U" and "Cash Car."

Bitrace stated that the "Welfare Wallet" operated by Welfare Guarantee is currently experiencing rapid capital outflow. Since the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) officially announced sanctions against Xinbi Guarantee, the wallet has recorded an outflow of 9.3 million USDT. Bitrace previously mentioned that due to the sanctions against Xinbi Guarantee, abnormal capital outflows have occurred in its secretly deployed sub-guarantee platforms, and a large number of guarantee merchants are rapidly exiting the related market.