Tether Freezes 72 Million USDT in Tron Wallet Linked to $120M Transfer

Tether blacklisted a Tron wallet containing 72 million USDT on 12 June

At 07:37 UTC on 12 June 2026, Tether froze 72,030,295 USDT held in Tron address TBzrPEsStbZAUx2SBhD4oHz8UW3FX9Ak9W. The USDT/USDC Ban List Telegram channel, which records Tether's freeze transactions in near real time, logged the action with a status of "Executed." Whale Alert on-chain data independently confirmed the freeze amount and the Tron network. When Tether blacklists an address, the smart contract blocks all outgoing USDT transfers from that wallet. Funds remain visible on-chain but cannot be moved by the holder. Tether has not issued a public statement on the reason for the freeze. No law enforcement agency has publicly linked the address to a named investigation as of 13 June 2026.

ZachXBT traced $120.2 million USDT from a connected wallet to exchanges

According to blockchain investigator ZachXBT, a source wallet — address TA6YHqB2xh5HhfmC7WoLQaWmqq7Vv4zCoQ — received 120.2 million USDT on Tron on 11 June 2026. ZachXBT published details of the fund movements on Telegram on 12 June:

"Yesterday (June 11) TA6YHqB2xh5HhfmC7WoLQaWmqq7Vv4zCoQ received 120.2M USDT on Tron and began transferring $12M+ to Kucoin deposit addresses and $8M to various instant exchanges."

— ZachXBT, blockchain investigator, 12 June 2026 (reported by crypto.news)

According to the same investigation, an additional eight million USDT was bridged to bitcoin and ether via the Near Intents cross-chain protocol. The frozen address TBzrPEsStbZAUx2SBhD4oHz8UW3FX9Ak9W held $72 million in USDT at the time of the blacklist action, according to ZachXBT. The origin of the 120.2 million USDT has not been confirmed by Tether or any law enforcement body.

Monero purchases linked to the wallet sent XMR to $438 intraday

According to ZachXBT, the entity behind the source wallet placed large Monero (XMR) buy orders before the freeze occurred. ZachXBT stated:

"The entity created Monero orders which caused the XMR price to spike from $330 -> $420."

— ZachXBT, blockchain investigator, 12 June 2026 (reported by crypto.news)

Monero reached an intraday high of $438 on 12 June 2026, according to market data reported by The Defiant. This represents a gain of approximately 30 per cent from the $330 level ZachXBT cited. XMR traded at $343.87, with a market capitalisation of $6.45 billion, at the time of publication (CoinPaprika, 13 June 2026). The coin is up 15 per cent over the past seven days. No independent on-chain data confirming the size or origin of the Monero buy orders has been published.

Tether has frozen over $1.1 billion in USDT during 2026

According to CryptoBriefing, the 12 June action is Tether's fourth major freeze of 2026. The three prior actions froze approximately $182 million in January, $344 million in April, and $515 million in May. The June 12 freeze adds $72 million. The confirmed 2026 total now stands at over $1.1 billion in USDT. Each of the four actions targeted different wallet addresses, according to CryptoBriefing. Tether has not publicly disclosed the reasons for any of the four freezes. No law enforcement agency has publicly confirmed involvement in the January, April, or May actions.