The Wall Street Journal: USDT Stable Coin is under investigation by the US prosecutors, Tether refutes: smearing again..

According to the Wall Street Journal, U.S. prosecutors are investigating whether Tether was involved in violating sanctions and anti-Money Laundering laws and accusing USDT of being abused by illegal organizations. In response, Tether and its CEO denied any investigation, stressing that it worked closely with law enforcement agencies to prevent illegal uses, accusing the reports of being unsubstantiated. (Summary: WSJ: Tether is the underground financial king disrupting the operation of global sanctions, S&P rating USDT is approaching the most dangerous) (Background supplement: WSJ: Tether "more than half of the USDT reserve" is managed by Wall Street agency Cantor Fitzgerald) Tether, the publisher of Stable Coinleading USDT, has long been questioned from time to time. Earlier today, the Wall Street Journal again reported that U.S. authorities are investigating whether Tether is involved in potential sanctions violations and anti-Money Laundering laws. WSJ: Tether under investigation by U.S. prosecutors The Wall Street Journal, citing unnamed sources, said federal investigators, led by the U.S. Attorney's Office in Manhattan, are examining whether USDT has been used by third parties to fund illegal activities such as drug dealing, terrorism, cybercrime, and Money Laundering. The U.S. Treasury Department has been considering imposing sanctions on Tether because it is used by sanctioned groups such as Hamas and Russian arms dealers. The report also mentions that Tether has been under investigation for years for alleged bank fraud by its supporters. However, before the holiday, the U.S. Treasury Department's Financial Crimes Enforcement Network Division did not respond to the authenticity of the investigation. Tether angrily criticizes WSJ for being irresponsible, which Tether vehemently denies. The company issued a statement angrily criticizing that it was extremely irresponsible for the Wall Street Journal to publish such a certain article containing reckless accusations without any official confirmation of the rumors and without naming any sources. These reports are based entirely on pure speculation, although Tether has made it clear that it knows nothing about such investigations. The report also ignores Tether's well-documented close cooperation with law enforcement aimed at cracking down on criminals who seek to abuse Tether and other cryptocurrencies. CEO denies any investigation CEO Paolo Ardoino also countered that Tether is not under investigation, saying: As we told the Wall Street Journal, there is no evidence that Tether is under investigation. The Wall Street Journal is merely hyping outdated news. Paolo Ardoino further noted that Tether regularly and directly cooperates with law enforcement agencies to prevent abuse of USDT by rogue states, terrorist organizations, and criminals. If we are being investigated, as the article falsely claims, we will definitely know. Based on this, we can categorically say that the allegations in the article are completely untrue. At Tether, we deal regularly and directly with law enforcement officials to help prevent rogue nations, terrorists and criminals from misusing USDt. We would know if we are being investigated as the article falsely claimed. Based on that, we can confirm that the allegations in... — Paolo Ardoino (@paoloardoino) October 25, 2024 WSJ:USDT Shadow dollars for weaving underground finance Tether has long seemed to have been questioned by the Wall Street Journal. It was only in September that the media published a long article titled "The Shadow Dollar Weaving the Underground Financial World - TEDA Coin", describing how USDT successfully penetrated the global financial system while disrupting the global sanctions system. At the beginning of the article, it criticized that USDT is an unregulated and large-scale commodity coin, which is undermining the US crackdown on arms dealers, sanctions violators and fraudsters, and said that USDT can operate without supervision by US law enforcement agencies, so it is used as a trading tool by many unscrupulous and sanctioned people. In the face of the Wall Street Journal's allegations, it is worth continuing to follow whether Tether can continue to be the leading position in the Stable Coin market. Extended reading: WSJ: Tether is the underground financial king disrupting the operation of global sanctions, S&P rating USDT is approaching the most dangerous Related reports Wall Street Journal: Stable Coin rescued the US debt crisis, Tether: USDT is the top three buyers of short-term US bonds The history of the development of Central BankTether: how USDT defeated fear, uncertainty and doubt, and jumped to Stable Coinleading Tether proposes that Turkey "coinize" borate mines and establish a Cryptocurrencyexchange in Istanbul [Wall Street Journal: USDT Stable Coin is under investigation by US prosecutors, Tether refutes: another smear. This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".