Onchain sleuth ZachXBT traced remaining funds across exchanges, instant swap services and other blockchains. Tether later froze $72 million in USDT linked to the activity. An unknown entity routed about $120 million in USDT stablecoins through a complex series of swaps this week, including large purchases of the privacy coin Monero. The Monero buy orders were big enough to push its price from roughly $330 to an intraday high near $438, highlighting how thin liquidity can amplify market moves. O…
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