According to Bitcoin.com, Tether has filed a lawsuit in São Paulo, Brazil, against Titan Holding, a subsidiary of the Master Group, seeking to recover a $300 million loan. This loan, issued in 2025 by Tether Investments, Tether's venture capital arm, was originally due for repayment in 2026, but no repayment has been received to date. Daniel Vorcaro, owner of the Master Group, was recently arrested. His subsidiary, Banco Master, was liquidated by the Brazilian central bank last November due to a $2.2 billion reserve shortfall, affecting over one million customers. In the lawsuit, Tether has applied to freeze all financial assets of Titan and its affiliated companies.
Tether sues Brazilian company Titan Holding to recover $300 million in defaulted loans.
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
