Tether Freezes $72 Million USDT After ZachXBT Links $120.2 Million Tron Flow to Monero Surge
Tether froze 72 million USDT after blacklisting a related address tied to a Tron wallet that received 120.2 million USDT on June 11, according to blockchain investigator ZachXBT. The wallet later sent more than $12 million to KuCoin deposit addresses, $8 million to instant exchanges and another $8 million through Near Intents to Bitcoin and Ethereum, he said.
ZachXBT said the entity also placed large Monero buy orders that contributed to XMR rising from $330 to $420. The episode links the wallet freeze to a broader set of transfers across exchanges and chains, though no further details on the entity were provided.
From the sources (2 posts)
@cointelegraph🚨 JUST IN: Tether blacklisted a wallet tied to the 120.2M USDT Tron transfer, freezing 72M USDT, per ZachXBT.
@wublockchainZachXBT: $120M USDT Wallet Linked to XMR Surge, Tether Freezes $72M According to ZachXBT, a Tron address received 120.2 million USDT on June 11 and subsequently transferred over $12 million to KuCoin deposit addresses, $8 million to instan