FTX, Alameda allegedly schemed to cash in on Tether: lawsuit

FTX's legal drama continues with a new lawsuit, alleging how the firm secretly created and sold Tether stablecoins as part of a profit-making scam.

127 +

FTX secretly used Deltec Bank to create and sell Tether for profit, lawsuit alleges

FTX companies created and profited from Tether through an arrangement with a partner bank, according to a court case described by Bloomberg on Feb. 17. The case quoted Caroline Ellison, former CEO of Alameda Research, as stating: “Alameda could create USDT on credit through the unofficial Deltec Line of Credit and sell that USDT for […] The post FTX secretly used Deltec Bank to create and sell Tether for profit, lawsuit alleges appeared first on CryptoSlate.

129 +

Market sentiment sways as Tether sees largest redemption since FTX collapse amid PYUSD launch

Quick Take Tether, the issuer of USDT, has recently experienced one of its largest redemptions since the FTX collapse in Nov. 2022, according to Paolo Ardoino, Tether’s CTO. A total of approximately 325 million USDT was redeemed, marking a significant event in the stablecoin’s history.

150 +

Tether заморозила принадлежащие FTX USDT на сумму $46.3 млн

Компания Tether, стоящая за стейблкоином USDT, заморозила принадлежащие терпящей кризис криптовалютной бирже FTX токены на сумму $43.3 млн. Причиной стал запрос правоохранительных органов.

211 +

Tether FUD panic calls on USDT, investors see shorting opportunity

Due to Tether FUD, more people are shorting USDT, which has resulted in a sharp rise in the APY for USDT Borrow. The Compound USDT Borrow rate hits 38%, while the Aave USDT borrow rate reaches 12.71%. Amid FTX speculation,…

259 +

$46 million of USDT embargoed on FTX by Tether due to legal request

Following sanctions from legal authorities, stablecoin issuer Tether has confiscated around $46 million worth of USDT on the Tron blockchain network. The wallet address currently holding the stablecoins is suspected to be owned by the defunct cryptocurrency exchange FTX. Tether…

322 +

Tether Freezes Over $46M of FTX’s USDT

Centralized stablecoin issuer Tether has frozen funds belonging to FTX. Funds Locked According to data from Whale Alert, at least 46,360,701 USDT of FTX’s funds was frozen today at 14:11...

68 +

Tether reportedly puts FTX’s $46M in USDT on ice

Tether has reportedly blacklisted $46.27 million worth of USDT belonging to FTX.

The post Tether reportedly puts FTX’s $46M in USDT on ice appeared first on CryptoSlate.

90 +

Report: Tether freezes $46M of FTX’s USDT, setting new precedent

Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement.

92 +

Tether Freezes $46M of USDT Held by FTX Following Law-Enforcement Request

Stablecoin issuer Tether has frozen $46 million of USDT on the Tron blockchain following a request from law enforcement.

61 +

Analysts urge calm as Tether depegs from USD, Bitcoin loses $17K rebound

Tether follows Tron’s USDD stablecoin in coming unstuck amid suspicions of shorting involving FTX and Alameda Research.

96 +

Coinbase, Tether, and Circle deny exposure to Alameda and FTX

Several crypto firms have come out to distance themselves with exposure to FTX crypto exchange and its sister firm Alameda amid the financial crisis facing the two firms. This comes after calls from the crypto community for transparency to let users know if there is any risk.

204 +

Паоло Ардоино: Tether не вкладывала средства в FTX или Alameda

Технический директор Tether заявил, что стоящая за крупнейшим в мире стейблкоином USDT компания не имеет инвестиций или активов, связанных с биржей FTX и компанией Alameda Research.

205 +

Circle’s USDC And Tether Affected By FTX Mayhem? CEOs Deny Rumors

Amidst the mayhem surrounding FTX and the Binance deal, there are currently numerous rumors circulating about possible contagion effects. If the takeover by Binance does not materialize, effects similar to the demise of Celsius and Terra Luna could loom.

178 +

Tether, Circle and Coinbase deny having exposure to FTX and Alameda

Coinbase CEO Brian Armstrong said that the recent FTX and Alameda debacle was a result of risky practices such as the misuse of user funds.

199 +

Stablecoin Heavyweights Circle and Tether Distance Themselves From FTX, Alameda

FTX was one of the investors in Circle's 2021 financing round of $440 million.

69 +

Binance moves to liquidate FTX token holdings as open interest in FTT futures doubles

This week, FTT has attracted some notice. Users of BitMEX can trade FTT with up to 50x leverage through our FTTUSD and FTTUSDT listings starting at 12:00 UTC today. Quanto Contract Specs for FTTUSD. FTT listings margined by Tether and…

147 +

Binance USD (BUSD) To Spark The Second Great Stablecoin War With USDT — FTX CEO

Stablecoins, which are often referred to as the backbone of the industry, may soon experience a “second great stablecoin war” fought by market leader USD Tether (USDT) and fast-rising Binance USD (BUSD).

205 +

FTX (FTT) Token Flashes Buy Ahead Of A Rally, Will $35 Be Reclaimed

The FTX (FTT) token has had a difficult time, but it has recently flashed a buy signal, indicating that the price is poised to rise against tether (USDT). The crypto market’s early week saw altcoin prices surge as most coins rallied with significant price gains, with the FTX (FTT) token poised to make a relief bounce.

275 +

Tether co-founder: FTX’s bailout of crypto firms is for the’good’ of the industry

Reeve Collins, co-founder of Tether and current CEO of BlockV, an NFT-focused platform, says the problems affecting crypto companies today are the “inevitable missteps” that will eventually give way to success and growth.

157 +

Tether co-founder: FTX’s bailout of crypto firms is for the ‘good’ of the industry

Reeve Collins, co-founder of Tether and current CEO of BlockV, an NFT-focused platform, says the problems affecting crypto companies today are the “inevitable missteps” that will eventually give way to success and growth.

78 +

Shiba Inu занял первое место в топ-1000 кошельков Ethereum

Shiba Inu лидирует по уровню накоплений среди топ-1000 кошельков Эфириума. На втором месте токен FTX, а на третьем – стейблкоин USDT от Tether. Согласно данным, предоставленным WhaleStats, среди топ-1000 кошельков Эфириума первым по популярности стал токен Shiba Inu с объемом в $1.

165 +

Shiba Inu стал первым по популярности токеном среди топ-1000 кошельков Эфириума

Shiba Inu лидирует по уровню накоплений среди топ-1000 кошельков Эфириума. На втором месте токен FTX, а на третьем – стейблкоин USDT от Tether.

240 +

FTX CEO Sam Bankman-Fried Reveals Reason Behind Billions Of Dollars Tether Purchase

The come-up of the FTX cryptocurrency exchange has been one of the most inspiring stories out of the crypto space. Its success put its CEO Sam Bankman-Friend on the path to become one of the richest crypto billionaires.

201 +

FTX запустила американское подразделение криптодеривативной биржи

Криптодеривативная биржа FTX объявила о запуске платформы FTX. US, ориентированной на американских пользователей. We are open! 🥳🎉🍾https://t. co/qdynpiT5Jb pic. twitter. com/55uTGxKm7G — FTX US (@ftx_us) May 22, 2020 На новой бирже представлены торговые пары с шестью криптоактивами — биткоином, Ethereum, Bitcoin Cash, Litecoin, Paxos Gold (PAXG) и стейблкоином Tether (USDT).

217 +

Tether’s Gold-backed Stablecoin (XAU

The crypto derivatives exchange FTX has announced the listing of Tether Gold (XAUT), whereas Bitfinex, the Tether’s company sister exchange, rolls out XAUT futures trading. FTX users are now enabled for XAUT against the US dollar trading.

170 +

Tether's Gold-Backed Stablecoin Makes Its Debut on FTX Exchange

FTX, one of the leading derivatives exchanges, offers futures trading for Tether Gold (XAUT)

145 +