Tether(USDT) News: CEO Paolo Ardoino Accuses Competitors of Sabotage Amidst Offline Crypto Hack and Congressional Legislation Deliberations

Paolo Ardoino Claims Competitors Want to ’Kill Tether’

Tether CEO Paolo Ardoino has accused competitors of trying to sabotage Tether, stating that their real intent is to ’kill Tether.’ He made this claim in a lengthy post, adding that every business or political meeting they have culminates with this intent. Ardoino also commented on the US Congress deliberating on new stablecoin legislation.

Mask Founder Suji Yan Faces $4 Million Loss in Offline Crypto Hack

Suji Yan, the founder of the Mask Web 3 browser extension, has lost $4 million in crypto after a targeted offline attack on his personal wallet. The attack occurred while he was attending a private gathering and his phone was left unattended for a brief period. The stolen assets, including ETH, WETH, USDT, and MASK tokens, were converted to Ethereum and transferred across multiple addresses. Experts warn of rising risks in self-custody and mobile storage.

US Seeks to Return $8.2m in Seized Crypto to Scam Victims

The United States Attorney’s Office in Ohio is seeking court approval to forfeit and return roughly $8.2 million USDT held in three cryptocurrency wallets to victims of a scam operation. The scam involved fake investments tricking victims through “wrong number” text messages and fraudulent trading platforms. At least 33 people lost a combined $4.9 million, with five more victims losing an additional $1 million.