Alameda Minted $39.55B USDT, 47% of Tether’s Current Supply
Sam Bankman-Fried’s Alameda Research ordered enormous USDT mints in 2021, as chain data flagged by Coinbase director Conor Grogan indicated. Alameda Research redeemed over $38 billion in Tether tokens in 2021 despite not managing the corresponding amount of assets, according to blockchain data flagged by Coinbase director Conor Grogan . According to Grogan, the total […]
Tether Stablecoin Sees Increase in Secured Loans
Tether, the largest stablecoin issuer in the cryptocurrency market, has seen an increase in its stablecoin lending, or secured loans, in 2023, despite its plans to cut it down to zero by 2024 According to Tether’s most recent quarterly report, its assets included $5.5 billion in loans as of June 30, up from $5.3 billion […]
Data Indicates Beginning Of Bitcoin And Cryptomarket Rally
Tether (USDT) market share on Binance rising again suggests a Bitcoin and crypto market rally. The decision by Binance, the largest cryptocurrency exchange in the world, to pull out of the BUSD and TUSD stablecoins due to regulatory obstacles has generated optimism among traders. According to Kaiko data, the Tether (USDT) market share on Binance […]
Tether Blacklists Zero Transfer Scammer Who Stole $20M USDT
On August 1, a hacker using a zero transfer phishing attack stole $20 million worth of Tether before being blacklisted by the stablecoin’s issuer, Tether. A zero transfer fraudster allegedly stole 20 million USDT from the victim address 0x4071…9Cbc, as reported by the on-chain analytics firm PeckShield. The victim intended to send funds to the […]
Circle, Tether freezes over $65M in assets transferred from Multichain
Assets linked to the alleged exploitation of the cross-chain router system Multichain have been blocked for over $65 million by stablecoin issuers Circle and Tether. The action was taken in response to huge, unexplained outflows from the Multichain MPC bridge on July 6. Three addresses that received at least $63.2 million in USD Coin (USDC) […]