The DOJ continues its crackdown on cryptocurrency crimes by seizing USDT funds related to a “pig butchering” crypto romance scam. Image by blvdone, Adobe Stock. The US Department of Justice (DOJ) announced today that it seized $9 million worth of the stablecoin USDT related to a cryptocurrency scam known as “pig butchering”. The seized funds…
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Source: Adobe/Jim Tether’s deposit of over $1 billion with a financial services firm has come under scrutiny in London’s High Court. According to a Tuesday report from The Financial Times, Tether’s funds were deposited with a subsidiary of investment bank Britannia Financial, according to filings made in the High Court. The legal battle involves Britannia Financial…
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Tether has announced the “largest-ever freeze of USDT in history.” In collaboration with crypto exchange Okx, Tether froze $225 million in USDT following an investigation by the U.S. Department of Justice (DOJ). The tokens were allegedly linked to an international human trafficking syndicate in Southeast Asia responsible for a global “pig butchering” crypto scam. $225M…
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The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam. Stablecoin issuer Tether froze roughly $225 million worth of USDT tokens as part of an investigation into a Southeast Asia human trafficking syndicate launched by the United States Department of Justice (DOJ). …
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Tether Holdings Ltd., the issuer of the leading stablecoin in terms of market value and trade volume, is poised to become a formidable player in the mining industry, as revealed by its CEO, Paolo Ardoino. On Thursday, Ardoino announced the company’s intention to channel approximately $500 million into its mining business over the next six…
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Tether has ambitions to reach 1% of BTC mining computing power under new CEO Paolo Ardoino. New facilities in South America will be part of the push. Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon. The stablecoin firm…
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Source: Adobe/Jim Tether, the company behind the world’s largest stablecoin USDT, aims to invest half a billion dollars to become one of the world’s leading Bitcoin miners. Paolo Ardoino, the company’s incoming CEO, said in a recent interview that Tether plans to invest approximately $500 million over the next six months. The company’s investment strategy includes constructing…
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Tether USDT added at least $20 billion to its market capitalization in 2023, while rival stablecoin USDC lost the same amount so far this year. Tether (USDT), the largest stablecoin by market value, has been breaking new records over the course of 2023, with its market capitalization adding at least $20 billion so far this…
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Even if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval. The United States Securities and Exchange Commission (SEC) could approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications by Nov. 17. Beginning on Nov. 9, the SEC reportedly has a “window”…
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This week, the leading stablecoin by market capitalization attained a valuation of $86.51 billion, following a supply surge of 3.6% in the past month. Currently, the Tron network holds approximately 45.82 billion USDT, while the Ethereum blockchain is home to 40.02 billion tethers, with the remainder circulating across various other blockchain platforms.
Tether Supply Jumps…
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