Features Crypto News by Thebittimes.Com

In an Oct. 16 post from Tether, the stablecoin issuer confirms it has frozen 32 addresses linked to illicit activity in Israel and Ukraine. These addresses are said to hold $873,118 worth of the Tether stablecoin. Crypto transactions are transparent The report also shares that the company is working with the National Bureau for Counter Terror Financing in Israel to continue countering crypto-funded terrorism and warfare. Newly appointed Tether CEO Paolo Ardoino emphasized the transparency of cryptocurrency transactions on blockchain platforms, enabling Tether to play an integral role in preventing the use of USDT for terrorist funding. You might also like: Stablecoin issuer Tether appoints Paolo Ardoino as new CEO Ardoino stated, “Contrary to popular belief, cryptocurrency transactions are not anonymous; they are the most traceable and trackable assets.” The narrative that cryptocurrencies enable criminal activity has been a common one among skeptics; ...

The Remitano exchange experienced suspicious transactions as over $2.7 million was drained from its wallet by a single account. Crypto exchange Remitano experienced large withdrawals under suspicious circumstances on September 14, with some blockchain analysts concluding that it may have been hacked . A total of $2.7 million worth of crypto has been withdrawn through the suspicious transactions. Tether has frozen one address the attacker allegedly used, potentially saving $1.4 million worth of customers' crypto. At approximately 12:45 p.m. on September 14, a known Remitano hot wallet began sending funds to an address with no prior history. Approximately $1.4 million worth of Tether (USDT) and $208,000 worth of USD Coin (USDC) stablecoins, as well as 104,000 Ankr tokens (worth $2,000 at the time) were moved to address 0x74530e81E9f4715c720b6b237f682CD0e298B66C. Blockchain analytics platform Cyvers has alerted the crypto community about the alleged suspicious transactions. ALERT...