rwatimes on Nostr: 📰 Circle suspended Tether-backed fund over market manipulation concerns, ...
📰 Circle suspended Tether-backed fund over market manipulation concerns, arbitration filings show
🗓️ Jul 15 2026 12:22 UTC
Circle suspended Heka Funds over suspected market manipulation after learning Tether had invested $800 million in the arbitrage fund.
➤ Circle suspended Heka Funds' services due to suspected market manipulation aimed at benefiting Tether, its main competitor.
➤ Arbitration documents revealed Tether had invested $800 million in Heka's fund, representing 75% of its assets, and waived minting fees.
➤ An arbitrator sided with Circle, ruling the company had the right to suspend services based on a reasonable suspicion of manipulation, not requiring definitive proof.
#circle #tether #usdc #usdt #hekafunds #marketmanipulation #arbitration #stablecoin #arbitragefund
🔗 Read more at:
https://rwatimes.io/articles/theblock-circle-suspended-tether-backed-fund-over-market-manipulation-concerns-arbitration-filings-show-2751455198Published at
2026-07-15 13:23:36 UTCEvent JSON
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"content": "📰 Circle suspended Tether-backed fund over market manipulation concerns, arbitration filings show\n🗓️ Jul 15 2026 12:22 UTC\n\nCircle suspended Heka Funds over suspected market manipulation after learning Tether had invested $800 million in the arbitrage fund.\n\n➤ Circle suspended Heka Funds' services due to suspected market manipulation aimed at benefiting Tether, its main competitor.\n➤ Arbitration documents revealed Tether had invested $800 million in Heka's fund, representing 75% of its assets, and waived minting fees.\n➤ An arbitrator sided with Circle, ruling the company had the right to suspend services based on a reasonable suspicion of manipulation, not requiring definitive proof.\n\n#circle #tether #usdc #usdt #hekafunds #marketmanipulation #arbitration #stablecoin #arbitragefund\n\n🔗 Read more at: https://rwatimes.io/articles/theblock-circle-suspended-tether-backed-fund-over-market-manipulation-concerns-arbitration-filings-show-2751455198",
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