Tether Freezes 72 Million USDT Amid Suspected Large-Scale Money Laundering Operation

TechFlow News: On June 12, on-chain investigator ZachXBT reported that on June 11, the TRON chain address TA6YHq...zCoQ received 120.2 million USDT and subsequently executed multiple rapid transfers: over $12 million was sent to a KuCoin deposit address; approximately $8 million was transferred to several instant exchange platforms; and more than $8 million was bridged to the Bitcoin and Ethereum networks via the Near Intents cross-chain bridge. Additionally, this address placed numerous Monero (XMR) buy orders, causing XMR’s price to surge briefly from $330 to $420. Minutes ago, Tether blacklisted and froze 72 million USDT in the address TBzrPE...Ak9W, which is directly linked to TA6YHq.