Tether Fights Crypto Crime
Tether Freezes $72 Million USDT on Tron After Investigator Links Wallet to Suspected Laundering
Anonymous
Key Points
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ZachXBT identified the specific Tron recipient address as TA6YHqB2xh5HhfmC7WoLQaWmqq7Vv4zCoQ, and said a directly related address starting with TBzrPE was the one previously reported to have had ~72M USDT frozen by Tether.
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ZachXBT attributed the Monero move directly to the wallet’s orders, saying: “The entity created Monero orders which caused the XMR price to spike from $330 -> $420.”
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Beyond the initial spike, the reports provided follow-on market figures: Monero later traded near $357.20, with a 24-hour range of $345.09 to $438.06, 24-hour trading volume around $291.3 million, and market capitalization around $6.7 billion.
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Valuethemarkets described how Tether’s blacklisting works and the window attackers had: once an address is blacklisted, the USDT held there becomes locked permanently, with the freeze sometimes implemented in “mere seconds,” and it estimated about $48 million was transferred quickly enough to escape the freeze (with at least $28 million linked to KuCoin/instant exchanges/bridges).
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The same report framed this as part of a broader enforcement pattern by noting Tether has “now managed to freeze over $1 billion across various events in 2026,” including freezes of $182 million in January (across five wallets) and $344 million in April (across two wallets).
Tether froze $72 million in USDT on the Tron blockchain after on-chain investigator ZachXBT linked a single wallet to a suspected laundering operation involving 120.2 million USDT. The wallet rapidly split funds across exchanges, instant swaps, and cross-chain bridges — then placed massive buy orders for Monero, sending the privacy coin's price surging from $330 to a peak of $438 within hours.
Tether blacklisted the connected Tron address, locking $72,030,295 before it could move further. About $48 million had already escaped — routed through KuCoin, instant exchanges, and cross-chain bridges before the freeze could catch it.
How $120M Was Split and Scrambled in Hours
The target Tron wallet — address TA6YHqB2xh5HhfmC7WoLQaWmqq7Vv4zCoQ — received 120.2 million USDT on June 11, according to Crypto Briefing. The entity then moved fast. Over $12 million went to KuCoin deposit addresses. Another $8 million was sent to instant exchanges. About $8.2 million crossed to Bitcoin and Ethereum via Near Intents, a cross-chain settlement tool that moves funds with minimal friction.
ZachXBT called the pattern a textbook laundering signature. The goal was to break the money into smaller pieces across different blockchains, making it harder to trace. Converting funds into Monero — a privacy coin that hides sender and receiver details — was the final step to erase the trail entirely, according to CryptoTimes.
Monero Spiked 46% as Suspect Buy Orders Flooded Markets
ZachXBT said the entity "created Monero orders which caused the XMR price to spike from $330 -> $420." The coin hit an intraday high of $438.06 — a gain of roughly 33% from its starting price. The buying pressure was outsized because Monero has much lower market liquidity than Bitcoin, so a large single buyer can move the price sharply, according to MEXC.
After Tether's freeze cut off the suspected buying, Monero pulled back. It settled near $357.20, with a 24-hour trading volume of $291.3 million and a market cap around $6.7 billion. The spike drew immediate attention from analysts who flagged potential market manipulation, per CoinLaw.
Tether's Blacklist Locked $72M in Seconds — But $48M Got Away
Tether used its smart-contract authority to blacklist the related Tron address beginning with TBzrPE, locking $72,030,295 in place permanently. Once an address is blacklisted, the USDT held there cannot move. CoinFomania reported that Tether can execute these freezes in "mere seconds" — but the window still matters. The entity moved roughly $48 million before the lock landed.
Of the escaped funds, at least $28 million was linked to KuCoin deposits, instant exchanges, and cross-chain bridges. The rest likely went into Monero swaps, where tracing becomes nearly impossible. Investigators are now working with KuCoin to identify account holders behind the deposit addresses, though analysts warn the trail may go cold if the accounts used third-party identities, according to CoinLaw.
Tether Has Now Frozen Over $1 Billion in 2026 Alone
This $72 million freeze is part of a larger enforcement push. CoinFomania noted that Tether has "now managed to freeze over $1 billion across various events in 2026." That includes a $182 million freeze in January across five wallets and a $344 million freeze in April across two wallets — the latter coordinated with the U.S. Department of Justice and OFAC.
Tron accounts for the vast majority of these actions. The network's low transaction fees make it easy for bad actors to split funds quickly across thousands of wallets. But those same public records make every move visible to investigators like ZachXBT — and to Tether's compliance team, which can freeze funds at the token-contract level without needing a court order or bank approval, per Crypto Briefing.
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