Report Shows Scammers Use Tether (USDT) For Illegal Activities
A recent UN Office on Drugs and Crime report indicates that Tether, a significant player in the cryptocurrency industry, is becoming the tool of choice for money launderers and fraudsters in Southeast Asia. The UN’s Office on Drugs and Crime has issued a report that emphasizes the concerning increase in fraudulent activities, with a specific […]
Tether Increases Its Circulating Supply by 1 Billion USDT on Ethereum
Tether has minted an additional 1 billion USDT on the Ethereum network as part of its liquidity management strategy. The funds are authorized but not issued and will be used for future demand and chain swaps. According to Whale Alert, a blockchain tracker and analytics system, the leading stablecoin has minted an additional 1 billion […]
Tether Blocks 6 Wallets Potentially Linked to Finiko Ponzi Scheme
Six new Ethereum wallets have been disabled by Tether, most likely as a result of their connections to the Russia Finiko ponzi scheme. Blockchain intelligence company ChainArgos claims the wallets may have conducted shady transfers to addresses connected to Finiko. Additionally, no more obvious suspicious transactions were seen coming from these locations. In 2018, the […]
Tether Amplifies Transparency Stance with US Lawmakers
Tether is reaffirming its dedication to working with American law enforcement and regulatory agencies in the battle against illegal activity. By sharing its recent letters with members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee, stablecoin issuer Tether hopes to intensify its campaign against illegal […]
Wall Street CEO Reveals His Love for Tether, Bitcoin
In a CNBC interview, Howard Lutnick, the CEO of Cantor Fitzgerald, a leading Wall Street brokerage firm, shared his admiration for Tether, the largest stablecoin issuer, and Bitcoin, the top cryptocurrency. He also disclosed that he holds Tether’s treasuries, worth over $90 billion. Lutnick, who described himself as a “big fan” of Tether, said that […]