Tether responsible for 84% of ‘pig butchering’ transaction volume
A new report by John Griffin and graduate student Kevin Mei made waves last week, claiming that pig butchering has stolen over $75.3 billion from its victims as of February 2024.
Latest Paolo Ardoino News
Tether noncommittal on future of USDT on Tron after Circle pulls USDC
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.
Circle asks US gov’t to target Tether’s US asset custodian Cantor Fitzgerald
Circle's CEO said some digital asset firms claim to abide by the govt's AML/CFT standards but do otherwise while warning about "offshore" entities posing a "challenge to U.S. dollar dominance."
Tether claims record $2.85 billion profit in Q4, still can’t afford an audit
Tether noted that it prepared its reserves report "using the recognition and measurement principles" of the IFRS without making sufficient disclosures to actually comply with the IFRS.
UN says Tether is a crime coin; shrinking Circle tests the IPO waters (again)
The UNODC report details Tether's role in the massive underground banking networks that support Macau's casino 'junket' operators as well as illegal China-facing online gambling sites.
Tether’s secret loans to ‘crypto’ heavies put under the spotlight
Tether's integrity is being put into question following DBM's release of a new report shedding light on the platform's questionable loans and other entities tied to this matter.
Binance’s plea deal puts Tether in US law enforcement’s crosshairs
Two different people run Binance and Tether, but both claimed to be against illicit acts in the 'crypto' space, which proved untrue for the former, while the latter shows signs of false assertions.
Kraken’s growing role as a fiat off-ramp for Tron-based Tether whales
Kraken has become a key fiat off-ramp for Tether's USDT, raising questions about why anyone would send cash to Tether to obtain USDT only to turn around and immediately trade that USDT on Kraken.
More tricks than treats in Tether’s Q3 attestation; Circle shuts USDC consumer accounts
Tether released its Q3 reserves attestation on Halloween and emphasized in its report was the fiscal reality that Tether ‘asserted’ on September 30.
Tether’s transparently phony transparency v. Justin Sun’s stable self-hacking
Years dragged on and a change in leadership took place, but Tether still couldn't provide the transparency in its reserves, which, today, continues to be imaginary.
Tether hates terrorism, less concerned about human slavery
Tether's claim to fight terrorism financing tied to digital assets contradicts the current state of its USDT stablecoin, which remains a popular funding option for terror groups.
Tether’s alleged T-bill stash could prove its Achilles heel when DoJ pounces
Tether CTO Paolo Ardoino declared that Tether's "exposure in" T-bills has hit $72.5 billion, up from a mere $55.8 billion that Tether claimed to possess at the end of June.