Tether may lead a $1.2 billion financing round for a German Bots startup.

U.S. sanctions Cambodian officials’ billion-dollar scam resort! Tether freezes more than $344 million in USDT

The U.S. Treasury Department and the Department of Justice have recently launched a joint law enforcement action targeting “pig butchering” romance scams involving cryptocurrencies that have become increasingly rampant in Southeast Asia. In an official announcement, the government has imposed sanctions on Cambodian Senator Kok An and 28 individuals and entities within his criminal network, accusing them of using political influence and their network of casino compounds to shelter large-scale fraud and human trafficking activities. Estimates indicate that these scam operations have led to losses for U.S. residents of as much as $10 billion in a single year. In conjunction with this crackdown, the stablecoin issuer Rether has also frozen more than $344 million in digital assets involved in the case. Romance “Pig Butchering” scams: U.S. residents lose over $10 billion in a single year In recent years, multinational criminal organizations based in Southeast Asia have made extensive use of the scam method known as “Pig Butchering.” Scammers will, through social media or messaging apps, spend months

Gate Daily Report (April 24): US Treasury sanctions Cambodian crypto “pig butchering” scams; Tether mints an additional 1 billion USDT

Bitcoin (BTC) rebound momentum is weakening, with a temporary quote around $78,030 as of April 24. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned a Cambodian politician linked to a crypto “pig butchering” scam center. Tether issued another 1 billion USDT on the Ethereum network; over the past 5 days, it has issued a total of 3 billion USDT on the Ethereum network.

Tether Treasury Mints 1 Billion USDT on Ethereum Network

Gate News message, April 24 — Tether Treasury minted 1 billion USDT on the Ethereum network early today at 01:24 UTC+8, according to Whale Alert monitoring data.

JPMorgan: DeFi Security Exploits and Stagnant TVL Limit Institutional Adoption

Gate News message, April 23 — JPMorgan analysts led by managing director Nikolaos Panigirtzoglou said that persistent decentralized finance (DeFi) exploits and weak growth continue to limit institutional interest in the sector. The recent Kelp DAO hack wiped approximately $20 billion from DeFi's tot

Tether freezes $344 million in USDT on the Tron network: OFAC collaboration, two addresses implicated in sanctions evasion

According to a Decrypt 4/23 report, stablecoin issuer Tether froze two wallets on the Tron chain that day, totaling $344 million USDT—one of the largest single-instance freezing actions in Tether’s history. The entity coordinating the action did so in conjunction with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies. The two addresses were marked as allegedly involved in sanctions evasion, criminal networks, or other illegal activities. Two Tron addresses total $344 million USDT frozen Decrypt cites Tether data, saying that this freeze was concentrated on the Tron network, broken down into the following two transactions: Address (prefix) Frozen amount Chain TNiq9…QZH81 About $213 million USDT Tron

Circle Chief Economist Proposes Raising USDC Rates on Aave Amid KelpDAO Fallout

Gate News message, April 23 — Gordon Liao, Circle's chief economist, has proposed raising USDC lending parameters on Aave v3 Ethereum Core this week following a $292 million KelpDAO rsETH exploit that triggered a liquidity crisis across the protocol. Liao's Request for Comment suggests increasing "S