Tether Freezes $72M USDT in Monero Laundering Operation
Tether froze $72 million in USDT linked to a large-scale laundering operation after an unknown entity received $120 million and moved funds through KuCoin and Bitcoin. According to blockchain investigator ZachXBT, the operation involved Monero purchases, contributing to a 30% spike in XMR's price. The incident highlights vulnerabilities in stablecoins when funds are routed through privacy networks.
Detected & updated continuously · Source: Ruma
Tether (usdt)
Monero (xmr)
KuCoin (kcs)
@zachxbtSources
@beincrypto_es
La congelación de 72 millones de dólares de @tether deja escapar 48 millones de dólares mientras Monero sube 30%. El evento demuestra que las stablecoins siguen siendo vulnerables cuando los fondos llegan a redes de privacidad.
@BeInCrypto_fr
Le gel de 72 millions de dollars par @tether laisse 48 millions de dollars s'échapper alors que Monero progresse de 30 %. L'événement montre que les stablecoins restent vulnérables lorsque les fonds atteignent les réseaux axés sur la confidentialité.
@AMLBotHQ
USDT freezes $72M in relation to a large laundering operation An unknown entity received $120M and began laundering operation by sending funds to KuCoin and BTC. Moreover, according to @zachxbt, this entity created XMR orders which changed the price $330 -> $420. Address linked https://t.co/uAyrV7kqNt
@BeInCrypto_BR
O bloqueio de US$ 72 mi da Tether permite que US$ 48 mi escapem enquanto a Monero dispara 30%. O caso mostra que stablecoins continuam vulneráveis quando fundos chegam a redes de privacidade.
@LeJournalDuCoin
🚨 Selon ZachXBT, une adresse sur Tron ayant reçu 120,2 millions d’USDT serait à l’origine d’importants achats de Monero. L’opération aurait contribué à faire grimper le cours du XMR de 330 à 420 $. ➡️ Tether a depuis gelé une adresse associée détenant 72 millions d’USDT. https://t.co/jzWkBu6VQJ
@CoinpediaNews
🚨 #Tether has frozen $72M linked to suspicious Monero (monero:native) activity. The move has sparked fresh concerns about privacy coins, market manipulation, and crypto regulations. Will this affect #XMR's price, or will the market move on? https://t.co/hpgKyEJrV3
@coinbureau
⚠️EXPLOIT ALERT: $120M IN USDT ALLEGEDLY LAUNDERED, CAUSING MONERO TO SPIKE ZachXBT just flagged a wallet that received 120.2M USDT and began transferring over $20M to KuCoin deposit addresses and instant exchanges. It then created Monero orders that caused $XMR to spike from https://t.co/h4BDzuA3HM