Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity
Tether acted swiftly Sunday when it froze $12.3 million worth of USDT on the Tron blockchain. Based on reports from Tronscan, this step targets wallets allegedly linked to money laundering and sanctions evasion. The company has not issued a public statement yet, but on‑chain data left little room for doubt. Related Reading: Amid Bitcoin Hype, Seasoned Trader Predicts Sudden Drop To This Level T3 Financial Crime Unit Shows Muscle According to Tether, its T3 Financial Crime Unit (FCU) partners with Tron and TRM Labs to track suspect transactions in real time. Since late 2024, the FCU has....
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Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement. According to blockchain transaction data provided by WhaleAlert.io on Nov. 10, Tether appears to have frozen 46,360,701 USDT ($46,274,472) owned by troubled cryptocurrency exchange FTX in its Tron blockchain wallet. The move comes one day after the U.S. Securities and Exchange Commission and the U.S. Justice Department began investigating FTX over its liquidity crisis. A spokesperson from Tether stated on Oct. 11 that the firm only freezes privately held wallets when it firm receives a....
Canada’s Toronto Stock Exchange today saw a new entrant aimed at making XRP more accessible to investors. The 3iQ Corp. rolled out its spot-based XRP ETF, trading under the ticker XRPQ, with an introductory 0% management fee for the first six months. Related Reading: Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity Based on reports, this move offers both retail and institutional clients a hands‑off way to own XRP without worrying about private wallets or unregulated platforms. Building Trust Through Custody According to the announcement, XRPQ will hold its XRP....
Bitcoin’s recent pullback has sparked fresh debate over whether the rally has run its course. According to market watcher Titan of Crypto, the story isn’t over yet. Related Reading: Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity Bitcoin slipped just 6% from its all‑time high of $112,000, but some analysts pointed to a cooling relative strength index (RSI) and warned of a top. Titan’s take flips that view on its head, arguing that we’re still deep in the meat of the bull cycle. Fractal Cycles Keep Running Titan pointed to a clear pattern in Bitcoin’s last two....
Cryptocurrency exchange Kucoin may have been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Singapore-based exchange confirmed the September 25 security breach, but did not disclose the amount stolen. “Bitcoin, ERC-20 and, other tokens in Kucoin’s hot wallets were transferred out of the exchange,” said Kucoin in an update on Saturday. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined $33 million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has....
Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster the project’s reserves. In addition to the tron purchases, the organization has been adding stablecoins and bitcoin into the mix as well.
While Terra’s Stablecoin Imploded, Tron’s Algorithmic Dollar-Pegged Crypto Project Purchases Millions Worth of Tron, Bitcoin, and....