Bloomberg: US Ministry of Justice resumed Tether

The US Department of Justice resumed a check on the fact of possible banking fraud by Tether USDT Stableco. This https://gagarin.news/news/problems-of-bitcoin-implementation-the-survey-results-of-salvadorans/ is written by Bloomberg with reference to sources.

For the first time, the agency reported the interest of the authorities in the company in July 2021. Then the interlocutors said that the audit affects the early stages of Tether and concerns transactions associated with cryptocurrency.

Later, representatives of the USDT issuer called the material clickbeat, based “on unnamed sources and allegations of many years ago”.

According to new information, the prosecutor of the Southern District of New York Damian Williams alleged. Earlier, his surname sounded in the context of the proceedings with the co-founders of Bitmex, in particular the ex-director for the development of the exchange Greg Dwayer.

On October 31, the Tether team again denied the message Bloomberg:

“The spread of false information is the biggest threat to the cryptocurrency industry that is currently existing. […] Bloomberg processes old news that is not true “.

The company emphasized that they are in constant dialogue with law enforcement agencies, including the US Ministry of Justice.

Then CTO Tether Limited Paolo Ardoino said that the company has processed a 7 billion tokens converting to fiat (~ 10% of total assets).

Prior to this, the issuer of Steabelcoin denied rumors about the dominance of Chinese commercial papers in the reserves.

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