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Hong Kong police say alleged scammers swapped 11K fake notes for USDT

Hong Kong police arrested three individuals accused of stealing HK$3.11 million (~$400,000) worth of Tether using fake banknotes.

Scoop: California law allows scammer to add six Tether execs to startup

Chinese national Sun Yunfeng lied about Tether execs, including Stuart Hoegner and CFO Giancarlo Devasini, working at his firm.

Tether-owned Northern Data has been accused of securities fraud and tax evasion in a lawsuit filed by former executives.

Tether has launched Alloy a new over-collateralized stablecoin tethered to the US dollar and backed by Tether Gold.

Several versions of Tether tied to assets like the Euro, Offshore Yuan, and the Mexican Peso, look to have been completely sidelined.