Circle Wins Arbitration After Blocking Tether-Backed Heka Funds Over Suspected USDC Market Manipulation
Circle won an arbitration case after blocking Tether-backed Heka Funds from its USDC platform over suspected market manipulation and avoided paying a US$49 million damages claim. The ruling also ordered Heka to pay about US$166,000 in legal costs, with the dispute becoming public through court filings in July 2026.
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