Keep up with what's happening in the crypto world in real-time.
All Filters (1)
Tether, which claims to be one of the largest companies in the cryptocurrency industry, says that it continues its unwavering commitment “to combat illicit activities and provide support to victims through its assistance to, and support of, law enforcement agencies.” As the U.S.
The firms said opposition doesn't mean a "wholesale release" of all documents.
In a notable shift toward transparency, cryptocurrency giants Tether and Bitfinex have withdrawn their opposition to the Freedom of Information Law (FOIL) request. This decision, pivoting from their previous stance, potentially marks a new chapter in the cryptocurrency regulatory narrative.
Tether and Bitfinex say they no longer oppose the New York Freedom of Information Law (FOIL). The announcement was made this morning as Tether/Bitfinex say the move is to highlight their support of transparency in the digital asset sector.
Tether and Bitfinex, two leading entities in the cryptocurrency industry, have reiterated their unwavering commitment to transparency while addressing concerns surrounding a recent New York Freedom of Information Law (FOIL) request. The companies have emphasized that transparency does not equate to an indiscriminate release of all documents, highlighting the importance of responsible disclosure practices.
The conflict began in June 2021 with a FOIL request for Tether's reserve composition documents. Their commitment to handling business information responsibly remains uncompromised.
In a significant development, Tether and Bitfinex have decided to cease their opposition to a Freedom of Information Law (FOIL) request. This decision marks a turning point in the ongoing legal saga involving these two major players in the cryptocurrency market.
Tether and Bitfinex have chosen not to challenge the Freedom of Information Law request initiated by journalists, whom they accuse of displaying "certain behaviors."
Tether and Bitfinex have decided to forgo opposition in FOIL request response.
Crypto firms Tether and Bitfinex have agreed to drop their opposition to a freedom of information (FOIL) request filed by several journalists in New York, according to a Nov. 24 statement shared with CryptoSlate.
Tether and Bitfinex say the decision not to appeal the Freedom of Information Law request by several media outlets was made in the interests of "transparency."
The U.S. Department of Justice (DOJ) has seized $9 million in tether (USDT) allegedly linked to “pig butchering” crypto scams. The Justice Department explained that U.S. Secret Service agents and analysts tracked the laundering of victims' crypto deposits through numerous cryptocurrency addresses, where they were exchanged for various cryptocurrencies.
Cryptocurrency exchange Binance has moved $3.9 billion in Tether (CRYPTO: USDT) from its cold wallet just before settling with the Department of Justice (DOJ). What Happened: According to a Decrypt report on Tuesday, this transfer took place just days prior to Binance and its CEO finalizing a $4.3 billion settlement with the DOJ over allegations of money laundering.
It's unclear if the Tether transfer is related to the Binance settlement, but the timing and amount of the move is enough to raise eyebrows.
In a monumental move underscoring the relentless pursuit of security within the cryptocurrency realm, Tether, in conjunction with OKX and the US Department of Justice, has frozen a staggering 225 million in stolen USDT. This bold action stands as the largest-ever freeze of USDT and signifies a resolute stance against nefarious activities plaguing the digital financial sphere.
Tether CEO Paolo Ardoino said a recent massive mint at the company's treasury was intended for inventory purposes, while crypto proponents surmised a bullish thesis due to whale activity with USDT.
Fundamentally, cryptos face a significant wall of worries. As loyal as the ardent blockchain supporters can be, money is not an unlimited resource.
In the fast-paced realm of financial dealings, a seismic clash has emerged, capturing the attention of London's legal corridors. Tether, a prominent issuer of stablecoins, finds itself embroiled in a labyrinthine legal saga following its colossal deposit of over $1 billion with a subsidiary of Britannia Financial Group.
Binance sent $3.9 billion worth of stablecoins from one of its cold wallets to a separate Binance wallet days before the announcement of a settlement on US federal charges amounting to over $4.3 billion.
The frozen funds were associated with scammers who orchestrated romance scams. The Justice Department also hinted at forthcoming "significant cryptocurrency enforcement actions".
Britannia Financial Group, a name that's been resonating in the financial corridors for its association with Tether, the largest stablecoin issuer, is now in the eye of a legal storm.
In a twist of intrigue, the crypto community on X (formerly Twitter) has shifted its focus to a $3.9 billion Tether (USDT) transaction involving Binance wallets. The attention on this substantial transfer has intensified following reports suggesting that the United States Justice Department is in negotiations with Binance for a hefty $4 billion settlement.
The Department of Justice (DOJ) in the United States has confiscated approximately $9 million worth of USDT (Tether).
In a financial move that's raising eyebrows and fueling speculations, Binance, the renowned cryptocurrency exchange, has recently orchestrated a colossal transfer of $3.9 billion in USDT.
