TechFlow news: Julian Hosp, CEO of Cake Group, posted on X stating that Tether has updated its Terms of Service (ToS) in Singapore, restricting USDT redemption rights for certain customers. The new ToS states: "Entities, directors, shareholders, and entities under their control located in Singapore are no longer within Tether's customer scope."
Some community members pointed out that Tether's recent ToS changes come amid the backdrop of Singapore's largest cryptocurrency money laundering scandals to date. Others suggest the change in USDT redemption terms might be specific to Cake Group, as the email was flagged for Enhanced Due Diligence (EDD), potentially indicating cooperation issues between the two companies.
Add to Favorites
Share to Social Media
