Tether Calls Recent Bloomberg Report of an Alleged DOJ Probe Clickbait

Tether Calls Recent Bloomberg Report of an Alleged DOJ Probe Clickbait

Tether just issued a brief response to a Bloomberg article published earlier today, alleging that the company’s executives are facing a criminal probe into Bank Fraud.

  • Tether implies that Bloomberg’s claims are recycled, pointing out that the article is based on unnamed sources and stale, years-old allegations.
  • The stablecoin issuer considers the article as part of a continued effort to discredit them while being “patently designed to generate clicks.”
  • Tether says that they have a commitment to “co-operation, transparency, and accountability and that they have maintained an open dialogue with the DOJ as a part of that commitment.
  • The statement concludes by saying they will continue “business as usual” and remain focused on how to best serve their customers.
  • Bloomberg’s alleged DOJ investigation specifically questions whether Tether’s past activities were known by banks to be involved with cryptocurrency.

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