ZachXBT Tracks $120M USDT Transfer as Tether Freezes $72M
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On June 11 a Tron wallet received 120.2M USDT and immediately dispersed funds across platforms, with over $17.5M sent to KuCoin deposit addresses, $8M to instant exchanges and $8M bridged to Bitcoin and Ethereum; blockchain investigator ZachXBT flagged the activity and Tether froze 72M USDT by blacklisting a related address. Separately, a single buyer drove Monero (XMR) more than 25%, lifting the price from about $330 to $430, underscoring market impact, cross-chain bridge risk and heightened security/AML scrutiny for CEX, DEX and DeFi flows.
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- A Tron wallet received 120.2M USDT before rapidly moving funds across platforms.
- Tether froze 72M USDT after ZachXBT flagged suspicious fund movements.
- A single buyer drove XMR over 25%, sending Monero from $330 to $430.
A single Tron address received 120.2 million USDT on June 11 and immediately began distributing funds across multiple platforms.
Blockchain investigator ZachXBT traced the activity and flagged it publicly. Later, Tether blacklisted a related address holding 72 million USDT, effectively freezing the remaining funds on-chain.
How the Money Moved
The entity moved capital quickly across several routes before Tether acted:
- Over $17.5 million transferred to KuCoin deposit addresses
- $8 million sent to instant exchange services
- Another $8 million bridged from Tron to Bitcoin and Ethereum via Near Intents
Alongside these transfers, …
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In This News
Coins
$ 64.31K
+0.61%
$ 1.81K
+1.49%
$ 320.26
+0.33%
$ 0.331
+0.26%
$ 0.99913
-0.01%Funds
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In This News
Coins
$ 64.31K
+0.61%$ 1.81K
+1.49%$ 320.26
+0.33%$ 0.331
+0.26%$ 0.99913
-0.01%Funds
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