inch Liquidity Provider TrustedVolumes Loses $6.7M in Exploit
The same attacker hit 1inch Fusion V1 in March and is back via a different vulnerability in TrustedVolumes' resolver — part of a $635M April hack month now bleeding straight into May.
Tether (USDT) is a fiat-backed stablecoin designed to maintain a value pegged to the U.S. dollar, functioning as a digital equivalent of fiat cash within cryptocurrency markets. It belongs to the broader category of USD stablecoins and is issued by Tether Limited, a company incorporated in Hong Kong and governed under the laws of the British Virgin Islands. Unlike volatile cryptocurrencies, each USDT token is intended to be backed by reserves of traditional currency held by the issuer, providing a stable on-chain representation of the dollar. USDT operates across numerous blockchain ecosystems, including Ethereum, Tron, Solana, Avalanche, Near Protocol, Celo, Tezos, Kaia, Aptos, TON, and Kava, which contributes to its wide accessibility. Its primary use case is serving as a liquidity bridge between fiat and digital assets, allowing traders to move in and out of positions on exchanges without relying directly on banking channels. Because of its stability and broad exchange support, USDT is widely used for trading pairs, cross-exchange transfers, and as a settlement asset in decentralized finance applications.
The same attacker hit 1inch Fusion V1 in March and is back via a different vulnerability in TrustedVolumes' resolver — part of a $635M April hack month now bleeding straight into May.
The headline figure is the 33% YoY usage jump; the 60%-spend-daily stat reframes stablecoins from a trading rail into a consumer payment instrument — the line the sector has been selling for half a…
Tether continues to dominate the stablecoin landscape, commanding a 59% share of a market now valued at $320 billion…
A Stripe-owned payments executive argues the $260B+ USDT-USDC concentration is a structural drag on the sector — both issuers keep raising burn fees and neither fits every payments use case.
Tron now hosts 46% of all USDT, second only to Ethereum, but the parked liquidity has not yet converted into buy-side pressure on TRX, still 23.6% below its all-time high.
The closed-door, top-297 $TRUMP-holder format repeats a dinner that already drew ethics complaints — but the lineup now pulls in Tether, Anchorage and Ark Invest, putting a real institutional edge on…
The liquidity bid is the story, not the price: USDT's supply has grown by roughly $5B this month as Bitcoin climbs 13% — capital is rotating back into crypto, and traders say the Fed meeting will…
Treasury's 'Economic Fury' campaign pulls Tether directly into the sanctions stack — the freeze happened on-chain in USDT first, with OFAC's wallet designations following the next day.
BIS chief Pablo Hernandez de Cos just called global cooperation on stablecoins "critically important" — the language of systemic risk, not investor protection.
The US government has sanctioned a network of Iran-linked crypto wallets, including addresses holding $344 million in…
Tron continues to hold the top spot for USDT holder count, with 73.3 million addresses holding Tether on the network…
Bitget's new IPO Prime platform launches with a SpaceX-tracking synthetic: $650 per token, implied SpaceX valuation of $1.5T, USDT-settled subscription window through April 21.
Spot is sideways and altcoins are bear, but institutional rails — tokenization, custody, stablecoin plumbing — are being built out anyway, making carry strategies the default trade for patient…
A coalition of five major bank trade groups is rejecting the Tillis-Alsobrooks yield compromise on stablecoin rewards, warning it could drain 20% of deposit funding.
Tether's Treasury wallet executed a transfer of 300 million USDT — approximately $299.9 million — to an undisclosed…
A transfer of roughly 225.86 million USDT — approximately $225.8 million — has been flagged moving from an unidentified…
300M $USDT (≈299.9M) moved from #Bitfinex to Tether Treasury.
225.9M $USDT (≈225.8M) moved from #Bitfinex to unknown wallet.
The raise lands as the stablecoin market crosses $310B in supply and RWA tokenization stops being a slide-deck category — Mercury Fund and Notion Capital are betting OpenTrade becomes the middleware…
DoorDash and Meta pilots are tiny in dollar terms, but they expose the killer app the sector has been missing: a single wallet address that replaces banking infrastructure for millions of…
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.
Tether (USDT) is categorised as: Stablecoins, USD Stablecoin, Solana Ecosystem.
The official Tether site is https://tether.to/.
Most recent Tether coverage: "inch Liquidity Provider TrustedVolumes Loses $6.7M in Exploit" — read at /en-US/a/trustedvolumes-hit-with-67m-exploit-by-same-attacker-behind.