Tether sued over frozen ‘pig butcher’ coins, 6,600 students get crypto loans: Asia Express
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Thai businessmen sue Tether for freezing $42M in $61M pig butchering case
The plaintiffs didn’t dispute their involvement in the pig butchering scam, but claimed that Tether did not have the authority to freeze the $42 million at the time.
Tether Sued Over Alleged Unlawful Freeze of $42.4 Million in USDT
Two Thai businessmen claim Tether blocked access to their stablecoins months before federal authorities secured a seizure warrant.
Singapore weighs recognizing some foreign-issued stablecoins
Singapore is considering allowing jointly issued cross-border stablecoins into its regulatory regime, revisiting its earlier decision to restrict the framework to domestic issuance.
The US OFAC updated its ISIS-K sanctions list, and Tether added more than 100 wallet addresses to its frozen list.
According to Foresight News , Chainalysis reported that the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) updated its sanctions designation against the "Islamic State Khorasan Branch" (ISIS-K) on July 1, 2026, listing 134 cryptocurrency wallet addresses as identifiers, including 131 TRON addresses and 3 Monero addresses. Tether has frozen the balances on all 131 TRON addresses. On the same day, OFAC also imposed sanctions on two Brazilian individuals and four companies linked to the Latin American criminal organization "São Paulo First Command" (PCC), which is accused of using cryptocurrency to launder money across borders, involving more than $30 million. ISIS-K was first designated a Specially Designated Terrorist Organization in September 2015. Active in Afghanistan, Pakistan, and several former Soviet republics in Central Asia, it has a history of launching attacks against civilians in multiple countries and has long relied on media outlets to raise cryptocurrency donations.
Tether CEO: EU MiCA regulations are "very dangerous" for stablecoins; abandoning the application was to protect users.
PANews reported on July 2nd that, according to Coin Bureau, Tether CEO Paolo Ardoino explained why USDT did not apply for an EU MiCA license, stating that the regulation is "very dangerous for stablecoins." He indicated that MiCA could force issuers to hold 60% of their reserves in uninsured cash deposits at small European banks, which might be unable to handle large-scale redemptions. Ardoino believes the legislation is "poorly considered" and stated that "skipping MiCA is to protect Tether's more than 400 million users."
Morning Minute: Tether Finally Gets An Audit
It seems Tether passed, putting an end to the longest-running open criticism of the leading stablecoin company.