According to on-chain investigator ZachXBT, on June 11, the Tron address TA6YHq...zCoQ received 120.2 million USDT, followed by rapid multi-directional transfers: over $12 million was sent to KuCoin deposit addresses, approximately $8 million was transferred to multiple instant exchange platforms, and over $8 million was moved to Bitcoin and Ethereum networks via the Near Intents cross-chain bridge. Additionally, the address placed a large number of Monero (XMR) buy orders, causing XMR’s price to briefly surge from $330 to $420. Minutes ago, Tether blacklisted and froze 72 million USDT in the address TBzrPE...Ak9W directly associated with TA6YHq.
Tether Freezes 72M USDT Amid Suspected Money Laundering on the Tron Network
TechFlowShare
Summary
On June 11, Tether froze $72 million in USDT after on-chain analysis revealed suspicious activity on the Tron network. A large address received 120.2 million USDT and transferred over $12 million to KuCoin, $8 million to other exchanges, and $8 million to Bitcoin and Ethereum via Near Intents. Prior to Tether blacklisting the associated address, the same address had also manipulated XMR prices. The incident underscores the urgent need for a network upgrade to improve security and traceability.
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