According to @paoloardoino, Tether ranks among the top 18 holders of U.S. Treasuries, is within the top 40 holders of physical gold, and holds more than 100,000 BTC, highlighting large and diversified reserves that underpin USDT’s backing; source: @paoloardoino on X on Aug 10, 2025. According to @paoloardoino, this mix of Treasuries, gold, and BTC suggests USDT liquidity is supported by sovereign debt plus hard-asset exposure while introducing direct sensitivity to BTC price moves—key for traders assessing stablecoin risk and crypto market liquidity; source: @paoloardoino on X on Aug 10, 2025. According to @paoloardoino, traders should watch U.S. yields, gold prices, and BTC volatility as drivers that can influence Tether’s reserve valuation and perceived stability in crypto markets; source: @paoloardoino on X on Aug 10, 2025.

According to @FoxNews, the U.S. Department of Justice (DOJ) has initiated a civil forfeiture action to seize over $225 million in Tether (USDT) linked to a large-scale 'pig butchering' scam. Former acting U.S. Attorney Phil Selden described this as a 'tone-setting case,' emphasizing the DOJ's focus on recovering victim funds even before arrests are made. The investigation revealed the scam's connection to the 2023 collapse of Heartland Tri-State Bank, whose CEO embezzled $47 million and sent it to the scammers. From a trading perspective, the crypto exchange OKX played a pivotal role by providing key information that helped uncover a laundering network that allegedly processed $3 billion in volume. The complaint also suggests the seized USDT will likely be added to a future U.S. government crypto stockpile, a significant development for long-term market structure and government involvement in digital assets.

According to the U.S. Department of Justice (DOJ), the collapse of Heartland Tri-State Bank in Kansas was directly tied to a large-scale 'pig butchering' crypto scam involving over $225 million in laundered USDT. The DOJ's civil forfeiture action targets laundered USDT linked to a Philippines-based scam network that exploited the former bank CEO, Shan Hanes. Crypto exchange OKX provided critical intelligence, helping trace the movement of funds through at least 93 scam addresses and 100 intermediary wallets before consolidation into OKX accounts. The DOJ identified $3.3 million of the $47 million Hanes embezzled, highlighting ongoing risks associated with USDT in criminal activity and the importance of compliance and transparency for exchanges. Traders should note that increased scrutiny on USDT-related transactions and future government actions to stockpile seized digital assets could impact USDT market liquidity and trading sentiment, especially as USDT remains a top stablecoin in crypto trading pairs. (Sources: DOJ complaint, CNBC, OKX disclosures)