Tether freezes $72M after $120M USDT wallet transfer
A Tron address received 120.2 million USDT on June 11 and transferred over $12 million to KuCoin deposit addresses.
The entity also transferred $8 million to instant exchanges and another $8 million through Near Intents to Bitcoin and Ethereum.
This activity contributed to a surge in Monero’s price from $330 to $420.
Tether has since blacklisted a related address holding 72 million USDT.