Regulation· ★★★· bearish· October 17, 11:06

WSJ: Tether paid $6.3M to firm co-founded by Bo Hines, part traceable on-chain

—A Bitfinex hot wallet sent 2.49M USDT in two transactions on May 11, 2025
—A 1 USDT test payment preceded it by one day
—Intermediary Peter Vincer kept $498,000 of the payment, per WSJ
—Hines led the White House digital assets council from January to August 2025

Why it matters: The affair hits the reputation and US political ties of the largest stablecoin issuer rather than the backing of USDT.

Source: Coincierge

More stories in swipe mode🔥 Trending now: People bought Ledger wallets and lost about $90 million — the devices turned out to be tampered

More on this

Regulation · Oct 15

WSJ: Tether Paid Over $6M to Firm Co-Owned by Ex-White House Crypto Adviser

Regulation · Oct 12

WSJ: 21 Iran-linked accounts moved about $850M through Binance

Regulation · Oct 9

WSJ: $850M flowed through 21 Binance accounts tied to Zanjani network, $67M to IRGC wallets