Tether and XREX Group, a regulated, blockchain-enabled financial institution, have partnered to improve the technology used to monitor and regulate stablecoin transactions and make it harder for them to be used for illegal purposes. The USDT stablecoin issuer announced a strategic investment of $18.75 million in the Group. According to ...
On May 14, Tether reportedly froze USDT worth $5.2 million stored in 12 Ethereum wallets now tagged as "USDT Banned Address." According to the crypto tracking platform MistTrack, these wallets have been linked to phishing scams, and the addresses were used to launder funds obtained through fraudulent activities. Tether's history ...
According to Whale Alert, Tether released a fresh batch of USDT tokens worth $1 billion on the Ethereum blockchain on June 12, 2023. This issuance comes just two months after their previous release on April 21, 2023. Paolo Ardoino, Tether's chief technology officer, took to Twitter to clarify that this ...
Tether Limited, the issuer of the popular stablecoin Tether (USDT), has taken action against an address that defrauded Maximal Extractable Value (MEV) bots of $25 million. The company blacklisted the address, which contained approximately $3 million in USDT and $21 million in other ERC-20 tokens at the time. Source: etherscan.io ...
