Tether has frozen $72 million USDT on a Tron network address, as reported by Colin Wu, citing on-chain detective ZachXBT. According to the researcher, the wallet received $120.2 million USDT on June 11.
ZachXBT linked the address to significant purchases of Monero, which caused XMR to rise from $330 to $420. He also noted that over $12 million was withdrawn to deposit addresses on KuCoin, $8 million to instant exchange services, and another $8 million to Bitcoin and Ethereum.