USDT in the spotlight: latest news

A victim who lost 50 million USDT in a phishing attack has officially filed a lawsuit and is offering a $1 million bounty for information leading to the identification of the attackers. The deadline for this white-hat bounty is set at two days. This information was reported by on-chain researcher Specter.

GIGGLE has experienced a significant rebound, surpassing 70 USDT and currently trading at 72.3 USDT. This marks a 24-hour increase of 23.5%, according to market data from Odaily.

The victim of the recent $50 million USDT phishing incident has officially filed a case and is offering a limited-time $1 million bounty for white hat hackers over the next two days. According to on-chain researcher Specter, the affected address communicated a message regarding the loss.

A cryptocurrency user has lost nearly $50 million after mistakenly copying a spoofed address, highlighting the dangers of relying on visual similarities in digital transactions.

On December 20, Coinglass reported that total crypto liquidations in the last 24 hours amounted to $125 million, highlighting a resurgence in market activity. Shorts exceeded longs by $3.56 million during this period.

A cryptocurrency trader suffered a loss of nearly $50 million in USDT due to an address poisoning attack.

Tether processed $156 billion in small transactions in 2025, with each transaction amounting to $1,000 or less. This trend indicates an increasing adoption of stablecoins among retail users.

The stablecoin sector has experienced a slowdown, with $823 million leaving the market, bringing the total market cap close to $310 billion. This shift highlights changing dynamics among major players in the industry, affecting their market rankings and overall trends.

A crypto investor was scammed out of $50 million in USDT after sending the funds to a compromised address. The attacker subsequently funneled the stolen funds through Tornado Cash.

Tether has appointed a Chief Software Engineer to create an AI-driven mobile wallet that will utilize its open-source wallet development kit, WDK, and the decentralized AI platform, QVAC.

Tether has introduced PearPass, a peer-to-peer password manager designed to enhance privacy by eliminating the need for cloud storage. This innovative tool aims to provide users with maximum security for their passwords without relying on external servers.

Bitcoin has reached a significant milestone, with its price soaring past $89,000 in a remarkable demonstration of market strength.

Tether is enhancing the reach and liquidity of its Tether Gold (XAU₮) product by integrating with Bitget Wallet, which strengthens its position in the tokenized bullion market.

The CEO of Tether is warning that Bitcoin's main risk in 2026 stems from a potential AI bubble. He highlighted that Bitcoin's ongoing correlation with capital markets leaves it exposed to volatility in the stock market, particularly due to developments in the AI sector.

Peak Mining has been acquired by companies associated with Giancarlo Devasini and Paolo Ardoino in a deal valued at up to $200 million, with the transaction being facilitated by Northern Data.

Mustafa Ismael founded Karcsham Co. three years ago in Kenya, a company that resells Starlink devices and manages subscriptions for thousands of customers.

Galaxy projects that stablecoins will surpass the transaction volume of the US Automated Clearing House (ACH) system by 2026, driven by increased regulatory clarity and growing adoption.

The U.S. Department of Justice is set to unveil explosive documents related to Jeffrey Epstein, which may include details about a secret Bitcoin summit involving Tether's founder. This revelation could have significant implications for the worlds of finance, scandal, and cryptocurrency.

Tether's €1.1 billion offer for Juventus highlights the growing interest in stablecoin adoption within the sports industry, while also exposing the potential risks and benefits for traditional sports teams.

Tether-owned firm Devasini has sold Peak Mining to companies managed by its founder, marking a significant transaction involving the stablecoin giant.

In 2025, stablecoins gained significant traction in the mainstream market, moving beyond their initial crypto roots. However, the year was not without challenges, as it also faced setbacks and uncertainty.

Tether has expanded its business portfolio by introducing PearPass, a unique peer-to-peer password and identity manager.

Tether CEO Paolo Ardoino has raised concerns about a potential massive decoupling event, cautioning that an AI-driven market bubble may pose the greatest risk to Bitcoin in 2026.

Tether CEO Paolo Ardoino cautioned that the potential AI bubble could pose significant risks to Bitcoin's price in 2026. He highlighted that investments in AI infrastructure might lead to market instability, making Bitcoin particularly vulnerable.

This week's crypto news highlights include Do Kwon, the creator of TerraUSD, facing jail time for what has been described as 'epic fraud.' Additionally, Italian soccer club Juventus has rejected a takeover bid from Tether. Francis Maguire provides a summary of these significant events.