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Circle Suspends Tether-Backed Fund Amid Market Manipulation Concerns

Published on July 15, 2026

Categories: Regulation Stablecoins Market Analysis

Circle has reportedly suspended its association with Heka Funds due to suspicions of market manipulation. This decision was made after Circle discovered a significant $800 million investment by Tether in the arbitrage fund, raising flags about potential irregularities.

Circle suspended Heka Funds over suspected market manipulation after learning Tether had invested $800 million in the arbitrage fund.

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A digital representation of financial scales heavily imbalanced, with a 'T' symbol (representing Tether) on one side, surrounded by blurred figures in a sophisticated, high-tech financial setting, depicting market manipulation.