Tether’s Response to “Front Company” FUD Claims

Tether (USDT), the largest stablecoin issuer, responded to the Wall Street Journal (WSJ) article featuring historical FUDs.

In its news published on March 3, WSJ stated that Tether’s to the banking system in the document to access counterfeiting, front companies And from shadow banks established a network of ethic And legal rule alleged violation.

Allegedly, towards the end of 2018, Tether and many of the companies behind it used shell companies, various illegal intermediaries and fraudulent transaction submissions to gain access to the global banking system. Tether And Bitfinex, A shadow bank that keeps Tether funds in-house To Crypto Capital Crop and other companies at least nine Managed to open different bank account.

The agency is one of the founders of Tether. to Stephen Moore A document allegedly owned by a major Tether investor in China deposit and withdrawal for transactions forged documents preparing the banking system to dodge various working evidence claimed to have.

Tether, in a statement published on its official website the same day, stated that the WSJ’s claims do not reflect the truth. Bitfinex and Tether extremely qualified stated that it has compliance standards. Tether on money laundering, terrorism and illegal actors US Department of Justice (DOJ) He also stated that he cooperated with them on a voluntary basis.

On the other hand, Tether CEO Paolo Ardoino on the official social media account in his statementWSJ to the clown likened and many of his news Lie And wrong criticized the agency, stating that it contained information.

Tether’s article “Response to “Front Company” FUD Claims was prepared by Hasan Küçük and published on koinbulteni.com.


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