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Stablecoin issuers Circle and Tether have initiated action and blacklisted more than $67 million of stolen funds in USDC and USDT, which is around 50% of the stolen amount from the cross-chain protocol.
Blockchain data reveals that stablecoin firms Circle and Tether have frozen coins linked to the recent multi-million-dollar Multichain exploit. Earlier this week, blockchain security firm PeckShield found that Multichain, a cross-chain crypto platform, saw its Fantom (FTM) bridge hacked to the tune of $126 million worth of digital assets.
Hong Kong police are searching for a crypto scammer operation after an account was conned of HK$1 million The 29-year-old victim was duped into accepting fake bank notes in exchange for $127,750 in Tether's stablecoin USDT. Sources say the sour deal went down at a shop on Chatham Road South in Tsim Sha Tsui.
Coinstore, a prominent digital asset exchange, is set to include Tether's Euro Tether (EUR₮) and Tether Gold (XAU₮) on its platform.
Unusual price discrepancies on Binance.US has seen cryptocurrencies, including Tether, trading at a discount, but Tether CTO explains away the FUD.
Until not too many months ago it was commonly believed that among the most important stablecoin in existence, Tether was the one with the most problems.
Renowned veteran trader and analyst Peter Brandt on Sunday tweeted about the puncturing of the much-speculated Tether (CRYPTO: USDT) bubble. What Happened: Brandt took aim at cryptocurrency enthusiasts who vocally denounce the US dollar while simultaneously holding assets via Tether on Binance, referring to the exchange as “the scam of the decade.
Cryptocurrencies on Binance's US-based crypto exchange Binance.US trade at a discount, what the crypto community calls a “crypto depeg”. Top cryptocurrencies Bitcoin and Ethereum are trading at $27,500 and $1700 respectively, a discount of $3000 and $200 from global spot prices.
Following Multichain's protocol bridge exploit, bad actors are trying to scam victims using phishing links that offer emergency airdrops.
Circle takes action to freeze over $65 million worth of assets transferred from Multichain to Tether amid concerns of potential fraudulent activity.
Euro Tether (EUR₮) and Tether Gold (XAU₮) have scored new listing.
Multichain has suspended its operations after an unexplained transfer of crypto assets worth millions of dollars took place on July 6.
Circle and Tether have blacklisted five addresses containing $67.5 million worth of assets stolen from MultiChain on July 7. USD Coin (USDC) issuer Circle froze three accounts holding $65 million worth of stolen assets, including 63 million USDC, PeckShield tweeted.
Tether Holdings, the issuer of the USDT stablecoin, has frozen two addresses on the Ethereum network that received funds from Multichain's multi-party computation (MPC) address
Multichain's Fantom bridge was seemingly exploited for nearly $130 million. Stablecoin issuers have frozen the funds that were moved.
USDT on Kava will boost liquidity on the Cosmos ecosystem and help it build stronger muscles for the DeFi industry.
Tether, the world's largest stablecoin issuer, is pushing a way to store value and beat fiat inflation with a gold-backed stablecoin called XAUT. The stablecoin offering from the company is a digital token backed by physical gold.
Paolo Ardoino, Tether's CTO, recently discussed the role of Tether Gold ($XAUT), Bitcoin, and gold in the evolving economic landscape.
Tether Holdings Ltd. has had a long-standing dance with China for years.
Tether Operations Limited announced yesterday that it will launch two of its products, Tether Gold (XAUT) and Euro Tether (EURT) on cryptocurrency exchange XT.com.
Hong Kong government should consider launching its own stablecoin, the HKDG, backed by its foreign exchange reserves. That's according to a proposal put forward by web3 expert and Hong Kong University Vice Chancellor Wang Yang; angel investor Cai Wensheng; BlockCity founder Lei Zhibin; and Ph.D.
Tether says its Euro based stablecoin Euro Tether (EUR₮) and Tether Gold (XAU₮) will soon trade on XT.com. XT.COM Exchange is described as a “social-infused cryptocurrency exchange.
Tether's CTO Paolo Ardoino believes that artificial intelligence would choose to use Bitcoin over more centralized cryptocurrencies like stablecoins.
The autonomous territory in southeast China, Hong Kong, has been urged to issue its own stablecoin to compete with popular stablecoins such as Tether (USDT) and USD Coin (USDC).
