Tether will fund up to $127.5M of Drift's $150M recovery plan after April's $270M exploit, with user repayments tied to the DEX relaunch and trading.
Crypto giant Tether disclosed that it has supported the US government in freezing $344 million in USDT held in two Tron wallets, following a request from the Office of Foreign Assets Control (OFAC) and US law enforcement.
Tether froze over $344 million in USDT across two addresses on the Tron network, in coordination with OFAC and U.S. law enforcement agencies. The wallets were flagged for activity linked to sanctions evasion and criminal networks; one held $213 million and the other $131 million. Tether has frozen over $4.
Stablecoin issuer Tether said it coordinated with U.S. authorities to implement one of its largest asset freezes on record.
Tether froze $344M in USDT tied to illicit activity, underscoring its expanding role in crypto enforcement.
Tether froze over $344M in USDT tied to sanctions evasion and pig-butchering scams, underscoring stablecoins' role as both crime rails and regulatory choke points. Tether has frozen more than $344 million in USDT in collaboration with the U.S.
Tether coordinates with OFAC and U.S. authorities to freeze $344M in USDT linked to illicit activity.
LBank just added six fiat currencies to its payment platform. The exchange now supports SGD, MNT, KHR, PHP, THB, and LAK through LBank Pay, bringing its total fiat options to eight.
Binance recorded a net inflow of 217 million USDT over a 24-hour period, a notable movement of stablecoin liquidity into the world's largest cryptocurrency exchange by trading volume.
Binance recorded a net outflow of 32.5471 million USDT over the past hour, a stablecoin movement that highlights shifting liquidity dynamics on the world's largest cryptocurrency exchange by trading volume.
Tether disclosed an 8.2% stake in Antalpha, a bitcoin mining finance firm, after the company's May 2025 Nasdaq IPO.
KAIO raises $8m from Tether to bring BlackRock‑style funds onchain with $100 tickets.