Tether (USDT) News: CEO Addresses Federal Money Laundering Allegations
Tether (USDT) CEO's Response to Allegations
Tether’s CEO, Paolo Ardoino, refuted claims made by the Wall Street Journal (WSJ) regarding a federal investigation into the company for potential money laundering. The WSJ published an exclusive report today claiming that the U.S. Attorney’s Office in Manhattan is looking into Tether.
Key Allegations Against Tether (USDT)
- The investigation allegedly involves whether third parties are using Tether to facilitate illegal activities.
- These activities might include drug trafficking, terrorism financing, and hacking.
- Moreover, indications suggest that investigators believe Tether could help sanctioned entities move funds.
Market Reaction to WSJ Report: Following the WSJ’s allegations, Ardoino clarified that Tether has not observed any direct indications of a federal probe. However, these rumors have briefly influenced market movements, raising concerns among investors.
Watch for updates as this story develops around Tether (USDT).
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.