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 US Justice Department seizes 9M USDT amid 225M illicit funds frozen by Tether

US Justice Department seizes 9M USDT amid 225M illicit funds frozen by Tether


Published: 2023-11-21


1. US Justice Department Seizes USDT Illicit Funds: The main focus of this article is on the actions taken by the US Justice Department in seizing illicit funds related to USDT (Tether). The authorities have frozen Tether accounts containing funds that were suspected to be involved in illegal activities. This move highlights the ongoing efforts by law enforcement to crack down on cryptocurrency-related crimes and prevent the misuse of digital assets.

2. Frozen Tether Accounts Highlight Regulatory Concerns: The freezing of Tether accounts also sheds light on the regulatory concerns surrounding stablecoins like USDT. The article discusses how such incidents raise questions about the transparency and compliance of stablecoin issuers,as well as the possible risks they pose to the financial system. It underscores the need for stricter regulations and oversight in the cryptocurrency space to ensure the integrity and stability of digital currencies.

3. Impact on Tether's Market Stability and Investor Confidence: The seizure of illicit funds and the freezing of Tether accounts can potentially impact the stability of the USDT market and erode investor confidence in the cryptocurrency. The article examines the potential consequences for Tether,as well as the wider implications for the broader crypto ecosystem. It emphasizes the importance of maintaining trust and transparency in stablecoin projects to ensure their long-term viability. Overall,this article focuses on the US Justice Department's action in seizing illicit funds related to USDT,highlighting regulatory concerns surrounding stablecoins,and discussing the potential impact on Tether's market stability and investor confidence. These topics shed light on the challenges and developments within the cryptocurrency industry and display the ongoing efforts to ensure the legitimacy and security of digital assets.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,092.70 1,408,200,087.00
2 BTC title=BTC 63,755.59 1,183,119,149.31
3 ETH title=ETH 3,129.56 679,981,062.20
4 SOL title=SOL 145.05 310,570,953.93
5 PEPE title=PEPE <0.01 296,057,745.64
6 DOGE title=DOGE 0.16 269,657,977.96
7 WIF title=WIF 3.20 160,353,342.81
8 WLD title=WLD 5.64 129,331,131.29
9 BOME title=BOME 0.01 112,084,400.06
10 NEAR title=NEAR 7.46 105,056,184.34
11 RNDR title=RNDR 9.78 101,828,982.27
12 BONK title=BONK <0.01 81,647,151.93
13 AR title=AR 39.75 77,252,220.43
14 ETHFI title=ETHFI 4.04 74,605,499.48
15 ENA title=ENA 0.80 72,718,968.77
16 ARKM title=ARKM 2.57 69,636,401.10
17 AVAX title=AVAX 37.23 66,688,759.19
18 FLOKI title=FLOKI <0.01 66,115,196.42
19 XRP title=XRP 0.53 60,967,339.33
20 GLM title=GLM 0.61 53,179,070.42
21 SUI title=SUI 1.09 48,101,043.76
22 OP title=OP 2.89 45,051,190.99
23 ORDI title=ORDI 39.60 39,552,842.25
24 RUNE title=RUNE 5.21 36,865,847.91
25 AGIX title=AGIX 0.96 35,981,446.37
26 FIL title=FIL 6.14 34,071,706.72

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 NFPrompt title=NFP 0.50 +13.83
2 Arkham title=ARKM 2.57 +13.46
3 Reserve Rights title=RSR <0.01 +12.20
4 Arweave title=AR 39.75 +10.92
5 TerraClassicUSD title=USTC 0.02 +10.81
6 Worldcoin title=WLD 5.64 +10.77
7 Any Inu title=AI 1.16 +10.35
8 Cortex title=CTXC 0.36 +9.38
9 Render title=RNDR 9.78 +9.19
10 Ethernity Chain title=ERN 4.48 +8.81
11 NEAR Protocol title=NEAR 7.46 +8.50
12 Cosmos Hub title=ATOM 9.37 +7.86
13 SingularityNET title=AGIX 0.96 +7.79
14 AdEx title=ADX 0.22 +7.60
15 IQ title=IQ 0.01 +7.50
16 Ocean Protocol title=OCEAN 0.97 +7.29
17 Golem title=GLM 0.61 +7.13
18 BarnBridge title=BOND 3.19 +6.13
19 Numeraire title=NMR 26.50 +5.58
20 Terra title=LUNA 0.63 +5.40
21 Vanar Chain title=VANRY 0.19 +5.39
22 dYdX title=DYDX 2.27 +4.89
23 Phala title=PHA 0.20 +4.86
24 Flux title=FLUX 0.94 +4.71
25 Terra Luna Classic title=LUNC <0.01 +4.58
26 iExec RLC title=RLC 2.78 +4.47
27 TrueFi title=TRU 0.11 +4.42
28 Ooki title=OOKI <0.01 +4.35
29 Osmosis title=OSMO 0.92 +4.17
30 SuperRare title=RARE 0.12 +3.82

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 REZ 0.17 -9.66
2 W 0.67 -8.58
3 dogwifhat title=WIF 3.20 -5.91
4 BOOK OF MEME title=BOME 0.01 -5.71
5 Komodo title=KMD 0.40 -5.26
6 LeverFi title=LEVER <0.01 -5.03
7 Bonk title=BONK <0.01 -4.54
8 Shentu title=CTK 0.69 -4.50
9 DataBot title=DATA 0.06 -4.39
10 SafePal title=SFP 0.80 -4.13
11 Pepe title=PEPE <0.01 -3.66
12 Ethena title=ENA 0.80 -3.60
13 1000SATS (Ordinals) title=1000SATS <0.01 -3.47
14 Ellipsis X title=EPX <0.01 -3.15
15 FLOKI title=FLOKI <0.01 -3.11
16 OAX title=OAX 0.22 -2.99
17 Lisk title=LSK 1.92 -2.74
18 Voxies title=VOXEL 0.24 -2.74
19 Stacks title=STX 2.30 -2.71
20 Clover Finance title=CLV 0.07 -2.67
21 Viction title=VIC 0.62 -2.60
22 TROY title=TROY <0.01 -2.50
23 Request title=REQ 0.13 -2.43
24 MANTRA title=OM 0.77 -2.41
25 Injective title=INJ 24.08 -2.39
26 RSK Infrastructure Framework title=RIF 0.18 -2.37
27 Lido DAO title=LDO 2.02 -2.37
28 Aevo title=AEVO 1.42 -2.27
29 ORDI title=ORDI 39.60 -2.25
30 Alpaca Finance title=ALPACA 0.18 -2.16

Bitcoin's Greed and Fear Index.

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69
Greed

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at news day date time
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4 RCM/TIPP Economic Optimism Tuesday 07-05-2024 15:03
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8 FOMC Member Jefferson Speaks Wednesday 08-05-2024 16:00
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11 Unemployment Claims Thursday 09-05-2024 13:30
12 Mortgage Delinquencies Thursday 09-05-2024 15:00
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15 FOMC Member Bowman Speaks Friday 10-05-2024 14:00
16 Prelim UoM Consumer Sentiment Friday 10-05-2024 15:00
17 Prelim UoM Inflation Expectations Friday 10-05-2024 15:00
18 FOMC Member Barr Speaks Friday 10-05-2024 18:30
19 Federal Budget Balance Friday 10-05-2024 19:00

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