Taiwan Cracks $324M USDT Money Laundering Case
Taiwanese police have dismantled a massive crypto money laundering operation linked to an investment fraud case. The operation involved over 324 million USDT and a suspect with a history of international travel. Taiwanese police have made a breakthrough in cracking down on what appears to be the nation’s largest crypto money laundering scheme. The scheme […]
Tether Reserve Attestation Shows 86% Cash and Cash Equivalents
Tether’s newest reserve attestation consisted of approximately 86% cash and cash equivalents, according to a new attestation report from accounting firm BDO. This is the highest proportion of cash and cash equivalents that Tether’s reserves have ever contained. The report indicates that $56.6 billion in reserves consist of U.S. Treasury notes with a maturity date […]
Tether to Publish Real-time Reserve Reports in 2024 – Report
According to Paolo Ardoino, Tether’s CEO, the stablecoin issuer reportedly plans to alter the frequency with which it releases reserve data reports and plans to publish them in real-time by 2024. Bloomberg reported on October 20 that Tether’s chief technology officer and incoming CEO, Paolo Ardoino, stated that the company intends to publish real-time reserve […]
Tether Freezes $873K USDT Linked to Terrorist Activity in Ukraine, Israel
In collaboration with local law enforcement, the stablecoin issuer Tether has frozen 32 addresses containing $873,000 USDT associated with terrorist activity in Israel and Ukraine. The company has frozen 873,118 USDT associated with illegal activity in Israel and Ukraine. The action was taken with the Israel National Bureau for Countering Terrorist Financing. Paolo Ardoino, named […]
Tether Appoints CTO Paolo Ardoino as CEO
Tether stablecoin issuer, in its quest to expand into new areas, has appointed its chief technology officer (CTO), Paolo Ardoino, as the new CEO of the company. Tether announced on Oct. 13 that Paolo Ardoino, who has served as Tether’s chief technology officer since 2017, will become the company’s new CEO in December 2023. Jean-Louis […]