finance
Tether Freezes Part of $120 Million USDT Linked to Monero Conversion
Blockchain investigator ZachXBT traced funds through Monero as Tether froze assets linked to the activity.
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Tether froze $72 million in USDT connected to a $120 million laundering attempt traced by blockchain investigator ZachXBT. The funds moved into Monero during the operation. Monero's price rose from $330 to $438 while the activity occurred.
ZachXBT identified the laundering path that routed the USDT into XMR. Tether's freeze covered part of the traced amount. The $72 million frozen by Tether forms a portion of the $120 million laundering attempt.
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