Tether claimed to have generated a profit of over $4.5 billion in the first three months of 2024, but while its gains seemed rosy, the USDT issuer still couldn't get a break from its alleged criminal ties.
U.S. SEC Chair Gary Gensler came in for more bashing on Capitol Hill from Republicans, some of whom are planning a symbolic vote to bring him down.
The Gillibrand-Lummis bill intends to distinguish Tether and Circle as lawmakers look to allow state non-depository trust companies to issue stablecoins with market caps below $10 billion.
Alexey Pertsev was accused of allowing criminals to launder US$1.2 billion worth of the Ethereum network’s ETH token through the Tornado Cash coin mixing service.
Roger Ver’s arrest by U.S. authorities on tax evasion charges could signal a turning point in the digital asset sector’s history as ‘crypto’ crooks turn on each other to save their own skins.
Last November, CZ and Binance reached a $4.3 billion settlement with the DoJ based on the exchange’s blatant violations of U.S. law that enabled money laundering, sanctions evasion and terrorist financing to a degree unmatched by other digital asset exchanges.
The Tether's moved of $5 million funds from its treasury to an unknown wallet, prompting questions about the company's activities.
Circle Internet Financial, the issuer of the USDC stablecoin, said it was immediately halting new mints of USDC on Tron and would halt all support for USDC on Tron by February 2025.
According to media outlet, Brazil’s Deltec Bank & Trust may have been involved in a large money-laundering scheme that involves a Brazilian government official.
There have been allegations circulating for more than two years that BTC’s price is directly attributable to movements of Tether’s stablecoin, USDT.
A recent announcement from the bank Tether uses (Deltec Bank) has once again called the amount of reserves Tether has into question.
Tether is becoming an artisan at promising to provide an audit showing that its stablecoin is fully backed and then doing everything in its power to avoid exactly that.
