According to MistTrack_io, on May 29, the US Treasury sanctioned Philippine-based Funnull for involvement in a pig butchering scam, prompting Tether and Circle to freeze two associated crypto addresses that held a combined total of 19,955.75 USDT. These wallet freezes underscore increasing regulatory scrutiny and highlight rising risk for traders dealing with USDT and USDC. The swift response by major stablecoin issuers signals heightened compliance within the crypto ecosystem, directly impacting liquidity and risk management for traders in the affected tokens (source: MistTrack_io on Twitter, May 30, 2025).