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Circle clashed with Tether-backed fund over market manipulation concerns

  • Posted on July 14, 2026
  • By Financial Times
  • 2 Views
  • 1 min read
In brief

A prolonged legal dispute has emerged between Circle and Heka Funds, raising serious allegations regarding market manipulation practices within the stablecoin sector. The conflict centers on Circle's $73 billion operations and involves detailed court filings that expose tensions between major cryptocurrency industry players. This case highlights growing regulatory scrutiny and internal conflicts affecting the stability and credibility of major digital asset platforms.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Circle clashed with Tether-backed fund over market manipulation concerns
Circle clashed with Tether-backed fund over market manipulation concerns

New filings detail long-running legal battle between Heka Funds and the $73bn stablecoin group
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Author
Financial Times

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