ZachXBT: $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 instant exchanges, and another $8 million through Near Intents to Bitcoin and Ethereum.

The entity also placed large Monero buy orders, contributing to XMR’s surge from $330 to $420. Tether has since blacklisted a related address holding 72 million USDT.

via x.com/WuBlockchain

Someone moved $120M in USDT on Tron, immediately bought a bunch of Monero to disappear the trail, and Tether froze $72M of it anyway. The "untraceable" leg of the plan is functioning great, the $72M sitting frozen in plain sight less so.

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