In a recent Wall Street Journal (WSJ) report, it was claimed that Tether is currently under federal investigation for potential violations of sanctions and anti-money laundering (AML) regulations in the United States.
investigation, It is said Led by prosecutors from the US Attorney’s Office in Manhattan, it is said to be focusing on whether Tether’s stablecoin, USDT, was used by third parties to fund illegal activities such as drug trafficking, terrorism and hacking, or to launder the proceeds of such activities.
Tether CEO denies investigation allegations
In response to these serious allegations, Tether issued a statement statement He strongly criticized Wall Street Journal reporting. The company described the article as “highly irresponsible,” stressing that it was inappropriate for the Wall Street Journal to publish such definitive allegations without confirmed sources or confirmation from the authorities.
The stablecoin source also stressed that he has no knowledge of any ongoing investigations, describing the report as based on “pure speculation.”
Tether CEO Paolo Ardoino has also taken to social media platform X (formerly Twitter) to further address this issue. It helps“As we told the Wall Street Journal, there is no indication that Tether is under investigation. The Wall Street Journal is regurgitating old noise. Full stop.”
This response confirms the company’s commitment to transparency in the face of these allegations and the increased scrutiny it has faced in recent years, not only from US authorities but also from media outlets such as the Wall Street Journal, and its stance against what it considers to be illegal. Unfounded allegations.
Commitment to combating the abuse of cryptocurrencies
Reportedly, the Wall Street Journal article also downplays Tether’s extensive cooperation with law enforcement agencies aimed at combating illicit activities involving cryptocurrencies.
Tether highlighted its proactive measures to work with authorities to ensure its platform is not misused by bad actors. Their response concluded:
The article also carelessly ignores Tether’s well-documented and widespread dealings with law enforcement to root out bad actors seeking to abuse Tether and other cryptocurrencies.
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