Survivors and relatives of terror attacks linked to Iran's IRGC have petitioned a Manhattan federal court to compel Tether to release $344 million in frozen USDT. These funds were immobilized after U.S. sanctions identified the assets as belonging to the IRGC, a designated terrorist entity. The petition argues Tether, which controls USDT centrally, has the capability and legal duty to redistribute these assets to victims holding judicial awards. This case is part of a broader legal strategy using cryptocurrency platform controls to enforce terrorism compensation claims. The court has yet to rule on the petition.
Senator Richard Blumenthal is investigating payments made by Tether to Nxum, a consulting firm co-founded by Bo Hines, a former White House crypto adviser now leading Tether's U.S. operations. The probe focuses on potential ethical and legal issues s...
Bitcoin experienced the largest outflow among cryptocurrencies with $403.44 million leaving, while tokens such as SOXLB and Ethereum saw notable inflows of $7.23 million and $5.17 million respectively. Funds also flowed into the crypto market from va...
In the past 24 hours, Bitcoin (BTC) and XRP experienced significant net outflows, with BTC seeing the largest withdrawal of $302.61 million. Meanwhile, stablecoins USDC and USDT posted net inflows, led by USDC's $183.59 million inflow. Ethereum (ETH)...
Extended is moving its settlement system from Starknet, an Ethereum Layer 2 solution, to Circle's Arc, a Layer 1 blockchain, starting Oct. 22 at 9 a.m. ET. During this transition, USDT will convert to USDC and Wrapped Bitcoin (wBTC) to cirBTC at a 1:...
On October 21, 2026, Bitfinex transferred $113 million worth of Tether (USDT) stablecoins to Tether Treasury. This large transaction between a major crypto exchange and the stablecoin issuer highlights significant movement in the crypto market. Howev...
