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Tether sues Brazil's Titan Holding to recover $300 million in defaulted loan
Deep Tide TechFlow News: On May 09, according to Bitcoin.com, Tether has filed a lawsuit in São Paulo, Brazil, seeking to recover a $300 million loan from Titan Holding, a company under the Master Group. The loan was issued by Tether’s venture capital arm, Tether Investments, in March 2025. It was originally scheduled to be repaid on March 28, 2026, but no repayment has been received to date.
Recently, Daniel Vorcaro, the owner of the Master Group, was arrested. Banco Master, which is affiliated with him, was liquidated by the Central Bank of Brazil last November due to a reserve shortfall of $2.2 billion, affecting over a million customers. In the lawsuit, Tether has requested the freezing of all financial assets of Titan and its affiliated companies.