Tether and Circle blacklist Wallex hot wallet, freezing $117,000 and trapping $2.49 million on BSC

Tether and Circle blacklisted an Ethereum hot wallet tied to Iranian exchange Wallex on March 25, 2026, freezing about $117,000 across USDT, USDC, and smaller tokens. A related consolidation move left roughly $2.49 million in Binance-Peg BSC-USD stuck on BNB Smart Chain after funds reached a separate address but remained unusable.