Tether freezes 72 million USDT on one Tron wallet after ZachXBT tracing

Tether blacklisted an anonymous Tron address holding more than 72 million USDT after blockchain investigator ZachXBT published an analysis of the wallet’s activity. For PSPs, exchanges, and anyone touching high-risk crypto flows, this is the familiar reminder that a single address can move from “active” to frozen very quickly once the trail is public.

1. On 11 June, ZachXBT flagged address TBzrPE…9Ak9W on Tron after it received a transfer of 120.2 million USDT. The wallet then started splitting the funds almost immediately across centralized exchanges, cross-chain bridges, and instant swap services.
2. More than $12 million went to KuCoin deposit addresses, around $8 million was moved through express exchangers, and roughly the same amount was converted into bitcoin and ether using the Near Intents protocol. In other words, the flow was not sitting still; it was being broken up across several rails at once.
3. About $48 million was used to buy Monero (XMR). Those large market orders pushed demand sharply higher and created a temporary liquidity shortage: Monero rose from $300–330 to $438 within hours, then corrected to around $358–366.
4. Several hours after the investigation was published, Tether blacklisted TBzrPE…9Ak9W. The remaining 72 million USDT on the wallet were frozen before the owner could withdraw or swap them. Tether and law enforcement have not explained the origin of the initial 120 million USDT.
5. This was not Tether’s first large freeze. The company previously blocked more than 213 million USDT across dozens of crypto wallets linked to entrepreneur Gurhan Kiziloz, as part of a Brazilian investigation into possible tax evasion.