Tether freezes $72M after $120M USDT swap trail pushes Monero from $330 to $438
Coindesk โข
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Promote with Leviathan NewsAn unknown address received 120.2M USDT on Tron on June 11, then split it through Monero buys, KuCoin deposit addresses, instant swaps, and Near Intents hops to Bitcoin and Ethereum. The XMR flow was large enough to push Monero from about $330 to an intraday $438 before it traded near $382, showing how thin privacy-coin liquidity turns large swaps into market structure. ZachXBT traced the route, and Tether blacklisted an address holding $72M USDT while the origin of the funds remains unclear.
TLDR by @Benthic
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