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Thai businessmen are suing Tether over $42 million in USDT frozen in connection with an alleged pig-butchering scam. Cointelegraph also reported potential fines for Australian crypto firms that miss a licensing deadline.
Thai businessmen are suing Tether over $42 million in frozen USDT tied to an alleged “pig butchering” scam. Australian crypto firms also face fines unless they meet a licensing deadline, Cointelegraph reported.
Bitcoin is nearing a golden cross, but the technical signal has a mixed record in crypto markets. CoinDesk reports that support from Tether’s USDT could make the current bullish setup more meaningful.
Thai businessmen sued Tether over its freezing of $42 million tied to a $61 million pig-butchering case. They did not dispute involvement in the scam but argued that Tether lacked authority to freeze the funds.
A lawsuit alleges Tether froze $42.4 million in USDT after an informal U.S. law-enforcement request, more than three months before authorities obtained a seizure warrant, CoinDesk reports.
Bitfinex Securities listed five tokenized equity-backed notes linked to Strategy and Metaplanet. Issued through Luxembourg’s ORO II fund, the notes trade against dollars, USDT and Bitcoin for eligible non-US investors.
Sberbank plans to add Ether and USDT to the assets accepted as collateral for crypto-backed loans, CoinDesk reports. The plan follows the Bank of Russia’s draft inclusion of both tokens for public trading on Russian exchanges.
Sber plans to accept USDT and Ether alongside Bitcoin as loan collateral as Russia introduces regulated crypto trading. The bank has also questioned demand for the digital ruble, Cointelegraph reports.
Crypto majors were mostly flat, with Bitcoin at $90,600, while Monero reached a $590 record. Developments included a $15 billion a16z fundraise, Ripple’s UK approval, BNY Mellon’s tokenized deposits and Tether’s $182 million USDT freeze.
