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Payments firm Conduit Technology has filed suit against Tether in New York, alleging the stablecoin issuer froze $2.76 million of its working capital for over a year without justification.
The US Treasury has sanctioned a financing network involving two French associations, accusing them of converting charitable donations into cryptocurrency that reached Hamas's armed wing. Three people were arrested in France.
Guardia Civil and Policía Nacional, working with EUROPOL, DEA and Portuguese police, arrested 27 people and seized 1.3 million USDT alongside cash, vehicles, boats and firearms in a cross-border operation targeting a drug trafficking and money laundering network.
Tether says it has frozen roughly $550 million in USDT linked to the Central Bank of Iran and sanctions-evasion networks, acting in coordination with the US Treasury's Operation Economic Outcast.
A civil forfeiture complaint filed on July 15 targets $84.2 million held by Capstone Ltd., which prosecutors allege acted as an intermediary for transfers connected to Tether and Bitfinex, as EQIBank's bid to recover the frozen funds was rejected in California.
Tether blacklisted ten Tron addresses holding nearly $39.3 million in USDT tied to Xinbi Guarantee, a Chinese escrow platform flagged by blockchain analytics firms as major illicit finance infrastructure. Xinbi has since redirected deposits to a USDD address.
A survey by Mercado Bitcoin shows that trading volume had already signalled the shift toward stablecoins since 2024.