Tag: Tether

Tether co-founder sues former partner in billion-dollar dispute

Tether co-founder sues former partner in billion-dollar dispute

Brock Pierce, co-founder of stablecoin Tether, has launched a legal battle against his former partner Joseph Lipsey. The focus of the conflict is over control of a resort in Puerto Rico, an investment that Pierce says he purchased in 2021. As Bloomberg reports, the dispute arises after a loan from Lipsey, who made his fortune […]

Tether freezes $435 million from hundreds of wallets at the request of the US

Tether freezes $435 million from hundreds of wallets at the request of the US

Tether, the world’s largest stablecoin issuer, has frozen 326 wallets containing a total of $435 million in USDT. The measure was taken at the request of US authorities, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI) and the Secret Service. The asset freeze, according to the company’s statement, is part of […]

Tether freezes R$1.1 billion linked to human trafficking syndicate

Tether freezes R$1.1 billion linked to human trafficking syndicate

a Tetherthe company issuing the USDT stablecoin reported doing so frozen 225 million USDT this Monday (20). Equal to R$1.1 billionthe amount is said to be linked to an international human trafficking syndicate in Southeast Asia. The operation was a joint effort with the broker OKX It’s like United States Department of Justice (DoJ). This […]