HomeSponsoredTether Freezes $5.2M As Ripple (XRP) CEO Gives USDT Warning; Investors Double...

Tether Freezes $5.2M As Ripple (XRP) CEO Gives USDT Warning; Investors Double Down As Rollblock (RBLK) Sells Out Presale Stage 1

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Tether, the issuer of the world’s biggest stablecoin, has frozen $5.2 worth of USDT to mitigate phishing-related security threats. Meanwhile, Brad Garlinghouse has warned that crypto’s next “black swan event” could be the U.S. government going after Tether. The news is not all bleak, with Rollblock (RBLK) attracting a ton of attention in the first stage of its crypto ICO, selling out stage one in record time.

Tether Freezes $5.2 Million Linked To Phishing Scams

MistTrack, a crypto tracking platform, has announced that Tether has frozen USDT worth over $5.2 million linked to phishing scams. The funds were frozen across 12 Ethereum addresses, which have now been labeled by Tether as “USDT Banned Address” to indicate their involvement in illicit activities. 

The CSO of SlowMist said that these addresses were used to launder funds from phishing scams. The latest announcement highlights Tether’s dedication to fighting illicit financial activities in the crypto space. This is also not an isolated event, as the stablecoin issuer has now frozen over $1 billion worth of assets linked to illicit activities.

Ripple (XRP) Warns That Crypto’s Next Black Swan Event Could Involve USDT

While Tether is being praised for its actions in helping regulators, Brad Garlinghouse, the CEO of Ripple (XRP), one of the top crypto coins, has raised concerns about the stablecoin. In a recent interview, Garlinghouse warned that the next major black swap event in the crypto space could involve USDT.

According to Garlinghouse, the U.S. government is going after USDT. As the biggest stablecoin, a move against Tether would have a ripple effect on the rest of the crypto market. Tether CEO Paolo Ardoino has responded to these claims, calling Garlinghouse uninformed, while his company and one of the top altcoins, XRP, is being investigated by the SEC.

Rollblock (RBLK) Pulls in Traffic, Sells Out First Crypto ICO Stage

While there seems to be some dispute between Ripple and Tether, Rollblock (RBLK) has been steadily gaining ground in the crypto market. In just a few days of its unveiling, this new DeFi project has sold out the first stage of its presale, with over 26 Million RBLK tokens sold in the process. 

Investors have turned to Rollblock as the project was launched to disrupt the $450 billion gambling industry. As a decentralized platform, Rollblock solves the trust and transparency issues that have plagued the traditional gambling industry. The platform conducts draws, games, and other events on a blockchain, fostering greater trust in the process.

This new DeFi project goes even further, incorporating artificial intelligence (AI) driven tools into its GambleFi ecosystem. These tools are designed to help users create improved betting strategies and potentially increase their profits, making Rollblock a potential source of passive income.

Not only that, something that is sending investors wild is Rollblocks unique revenue share model. They will share up to 30% of their weekly profits by buying back RBLK tokens from the open market. Half of these tokens will be burned, reducing the supply and increasing the value of the token and the other half will be used for staking rewards, offering some of the most lucrative passive income opportunities in the crypto space. 

Because of the potential impact Rollblock can have on a multi-billion dollar industry, analysts are optimistic that RBLK could become one of the top altcoins of 2024. While RBLK is currently priced at $0.012 in its second presale stage, a 2024 price target between $1 and $5 has been set for the token.

In Conclusion

Tether’s consistency in freezing assets linked to money laundering claims highlights the company’s openness to work with regulators. However, the comments from Ripple’s CEO come ahead of a planned launch of a stablecoin to compete with USDT. Meanwhile, investors are hot on the heels of Rollblock, as it has shown all the ingredients to become one of the top crypto coins of the year.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/
Socials:
https://linktr.ee/rollblockcasino 

 *This article was paid for. Cryptonomist did not write the article or test the platform.

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