Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting’
Summary
Tether is reportedly under federal investigation for potential violations of sanctions and anti-money laundering regulations in the US, focusing on whether its stablecoin, USDT, has been used for illegal activities. The inquiry is led by prosecutors from the Manhattan US Attorney’s Office. Tether has denied these allegations, calling the Wall Street Journal's report "wildly irresponsible" and based on "pure rank speculation." Tether's CEO, Paolo Ardoino, stated there is no indication of an investigation and criticized the WSJ for repeating unfounded claims. Tether emphasized its commitment to transparency and its collaborations with law enforcement to combat cryptocurrency misuse.
