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 […]
$3.9B USDT Transfer on Binance Draws Community Attention
Social media users within the cryptocurrency community have shifted their attention to a $3.9 billion Tether transaction between Binance wallets after reports indicating that the US Department of Justice (DOJ) is negotiating a $4 billion settlement with the company. The Justice Department is reportedly negotiating with cryptocurrency exchange Binance over a $4 billion sanction agreement, […]
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 […]