Two Thai nationals sued Tether after the stablecoin issuer froze their $42.4 million USDT without a court order, allegedly profiting from the interest on the locked funds. The freeze occurred following an informal request from U.S. Homeland Security, with a formal warrant issued months later linked to a scam investigation. The plaintiffs argue Tether acted without legal basis and seek the return of their funds plus interest. This case highlights tensions between regulatory enforcement and stablecoin operations, with Tether having frozen nearly $6 billion in 2026 amid increased U.S. regulatory pressure.
In the past 24 hours, Bitcoin (BTC) and Ethereum (ETH) experienced net outflows of $80.18 million and $196.28 million respectively, indicating more funds leaving these assets than entering. Meanwhile, stablecoins USDT and USDC saw net inflows of $7.3...
US Senator Richard Blumenthal has given Binance, Tether, World Liberty Financial, and Fight Fight Fight LLC until January 4, 2027, to voluntarily provide records for Senate investigations into alleged financial misconduct and conflicts of interest. T...
South Korea's largest crypto exchange, Upbit, saw its weekly trading volume fall 20.8% to about $4.9 billion for the week ending November 8, 2026, continuing a recent trend of declining activity. Despite the slowdown, XRP maintained the top spot in t...
Senator Richard Blumenthal has demanded Binance, Tether, World Liberty Financial, and Fight Fight Fight LLC submit documents by January 4, 2027, related to alleged illicit crypto activities. The Trump-linked firms must start producing documents by No...
On November 5, Binance transferred 200 million USDT to an unknown wallet, marking a significant outbound movement. This transaction does not provide net flow data, meaning it doesn't show whether Binance received more USDT than it sent during the per...
