Tag: USDT

Tether minted $3 billion USDT in a single week, with Abraxas Capital receiving $2.89 billion of that total, according to on-chain records. The concentrated allocation to a single entity has drawn attention from market participants tracking stablecoin liquidity flows. $3 Billion in USDT Minted Within One Week Tether’s treasury issued $3 billion in new USDT tokens over a compressed one-week period. The pace of issuance is notable given that large minting events often coincide with periods of elevated trading demand across crypto markets. On-chain records tied to the Tether treasury…

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Astra Nova, an AI-driven crypto project from Saudi Arabia, has reported a major security incident involving its newly launched RVV token. The project confirmed on Sunday that one of its third-party market maker accounts was infiltrated by an unknown attacker. The compromised account was used to sell off nearly 8.6% of the RVV token’s total supply on the open market. Details of the Breach According to blockchain researcher EmberCN, around 860 million RVV tokens changed hands for an estimated 10.288 million USDT. From these funds, the attacker sent 8.226 million…

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