$589K USDT Stuck for 50 Days After Zodl Swap, Zcash Holder Claims

TL;DR:

• A Zcash forum user reported the freezing of $589,000 in USDT after exchanging 1,120 ZEC on July 20, 2026.
• The NEAR Intents platform issued a compliance clearance on July 23, 2026, which was subsequently revoked on August 26 under a new regulatory review.
• The Zodl development team updated its terms of service between August 7 and August 17, 2026, to clarify that it does not custody exchanged funds.

A cryptocurrency trader reported on community forums that $589,000 in USDT has remained frozen since July 20, 2026. The incident occurred after executing a swap on Zodl and routing the balance to the NEAR Intents infrastructure for a second conversion.

The initial transaction involved swapping 1,120 ZEC held in the Zodl mobile wallet’s shielded pool into USDT. According to a market report, the user transferred the resulting funds to a MetaMask address and subsequently to a Ledger hardware wallet. Eight hours later, the balance was deposited into an Ethereum address provided by NEAR Intents, where the transaction stalled despite receiving onchain confirmation.

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