POPA ReconTether Freezes $72M From a Suspicious $120M Flow
Tether Freezes $72M From a Suspicious $120M Flow Tether blacklisted a Tron wallet holding $72M USDT after a suspicious $120.2M transfer on June 11 fanned out across KuCoin, instant exchangers, Bitcoin, and Ethereum. Part of the flow poured into Monero, spiking XMR about 27% from $330 to $420 before it settled near $390 — a classic privacy-coin laundering footprint. Tether froze the funds at 07:37 UTC on June 12, reigniting the debate over stablecoin freeze powers: a compliance win to some, proof of centralized control to others. 👉 t.me/investigations/341
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