Iranian exchange Wallex address frozen by Circle and Tether, affecting $2.49 million in assets

KuCoinFlash

Release Time: 03/25/2026 06:36:45

Summary

On-chain news reveals that the Iranian exchange Wallex had a wallet address frozen by Circle and Tether on March 25, 2026, according to ZachXBT. Prior to the freeze, Wallex transferred assets from Tron and Ethereum hot wallets to BNB Chain. The affected address held $2.49 million in assets. The incident intensifies ongoing concerns regarding exchange hack risks and operational transparency in the crypto sector.

BlockBeats report, on March 25, according to blockchain investigator ZachXBT, a wallet address associated with Iran’s cryptocurrency exchange Wallex has been frozen simultaneously by Circle and Tether. Several hours before the address was frozen, Wallex aggregated crypto assets from multiple hot wallets on the Tron and Ethereum networks to BNB Chain via multiple cross-chain bridges. Approximately $2.49 million in assets remain stranded in the affected address and are currently frozen.

The address is 0x6926408f55c4f322ebe1a3cc7e4fff380c5543df

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