Tether Freezes All OFAC-sanctioned Wallets
Tether strengthens security and compliance efforts by announcing a policy to freeze wallets connected to OFAC’s SDN List. The business that created the well-known stablecoin, Tether, has declared a major change in strategy toward regulatory compliance and law enforcement agency cooperation. Tether announced its plan to voluntarily freeze wallets linked to people or organizations on […]
Tether, Bitfinex Agree to Drop Opposition to FOIL Request
Tether and Bitfinex have decided not to challenge requests for FOIL (freedom of information law) from reporters, including Ada Hui, Shane Shifflett, and Zeke Faux as instances of journalists who engage in “specific behaviors.” The companies claim that Faux went beyond the bounds of professional journalism in his previous reporting on Bitfinex and Tether. The […]
Britannia Financial Reportedly Faces Lawsuit Over $1B Deposit
Britannia Financial, Tether’s Bank Partner, is being sued on suspicion that it neglected to remit the complete value of revenue-generating assets purportedly associated with a $1 billion deposit from Tether. Arbitral International, a British Virgin Islands-based company, has filed suit against Britannia regarding a $1 billion deposit from Tether, according to court documents filed with […]
Tether’s $1 Billion Deposit at Stake in London Court Case
Tether, the issuer of the world’s largest stablecoin, has deposited over $1 billion with a subsidiary of Britannia Financial, a global investment bank. The funds are now involved in a legal dispute between Britannia and another firm, Arbitral International, in London’s High Court. Tether’s USDT token is widely used in the crypto market as a […]
Northern Data Secures $610M Debt Financing from Tether
Tether increases its wager on Bitcoin mining by providing debt financing worth $610 million to the German Bitcoin mining company Northern Data AG. According to an announcement dated November 2, Northern Data AG has secured a 575-million-euro ($610-million) debt financing facility from Tether to drive further investments across its enterprises. The debt capital will enable […]