Tether (USDT) has responded to claims based on documents from 2021 that have created speculation in recent days.
While the court documents of Tether for 2021 come to light, the allegations that create the agenda are not one after the other. In the latest statement made by the company, while the allegations were handled in detail, especially secured loans to institutions And Cryptocurrency companies whose accounts have been closed became the main topic.
New York Attorney General (NYAG) According to documents released by Tether, June 2019 to May 2021 between $11.6 billion secured loan gave. Total 89% of 694 loans are collateral aspect Bitcoin (BTC) in exchange for Ethereum (ETH) as collateral on 9% used.
The remaining 2% if the part Tether Gold (XAUT) and anonymous securities shared between them. Tether is the cumulative total for these credits. 450,000 BTC guarantee and 1.1 million ETH took. According to the documents, the loan received between the dates specified 8 billion dollars part repaid.
In the statement made by the company, in the past making loan transactions confirmed:
Tether has historically held a select group of lending transactions that are disclosed in our independent, third-party assurance certifications.
on the other hand in December 2022 Tether, throughout the year 2023 secured and over-collateralized loans will reduce it to zero told. The company cited over-collateralized loans by liquid assets as the reason for this decision.
Has Tether closed the accounts of major crypto firms?
Another of the allegations made about the company is Tether’s in 2021 About the leading cryptocurrency companies deactivated 29 accounts was in the direction. Among deactivated accounts according to documents published by NYAG MoonPay, BlockFi, CMS holdings And galois capital existed.
The Tether front, which preferred not to give a clear answer to these allegations, not wanting to comment on individual relationships suffice to indicate. However, the company said that Tether’s as required by compliance policies emphasized that all individuals undergo strict compliance checks and constant surveillance during recruitment.
The statement states that as a result of this oversight, it is determined that it no longer meets compliance. services may be terminated implied.