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The company behind stablecoin Tether (USDT) has rebuffed a report by The Wall Street Journal (WSJ) claiming it had ties to entities that faked documents and used shell companies to maintain access to the banking system.On Mar. 3 the WSJ reported on leaked documents and emails purportedly revealing that entities
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According to the Journal's report, Tether Holdings co-owner Stephen Moore pushed back against the use of fake sales invoices, saying "I would not want to argue any of the above in a potential fraud/money laundering case" in an email seen by the Journal, referring to an intermediary which traded USDT
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Though regulatory scrutiny on Binance has intensified following its rival FTX’s collapse last November, Binance has been under investigation by the U.S. Attorney’s Office for the Western District of Washington since at least 2018, according to Reuters. The Department of Justice (DOJ) has reportedly sent at least two trading firms
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The Wall Street bond trading powerhouse is managing Tether's $39 billion bond portfolio, according to the report. Source
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Documents reveal the previously unknown ownership structure of the secretive stablecoin issuer. Original Source
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“The public’s interest in this matter cannot be overstated,” said one filing made Thursday to Judge Lewis Kaplan in the Southern District of New York on behalf of the Associated Press, Bloomberg, Financial Times, CNBC, Reuters, Dow Jones (publisher of the Wall Street Journal) and Washington Post, among others. "Mr.
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The US Securities and Exchange Commission (SEC) is increasing its scrutiny of audits of cryptocurrency companies and warning both investors and audit firms, WSJ reported. Source
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John Ray III, a restructuring expert who oversaw the Enron Corp. bankruptcy, took over as CEO when FTX filed for bankruptcy protection last month. Jacques’ team is tasked with tracking the funds that went missing from FTX as the firm cratered amid a liquidity freeze. Source
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BlockFi has paused withdrawals and customer deposits. Original Source
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Sam Bankman-Fried has reportedly asked investors for $8 billion in emergency funding to cover a shortfall caused by the flood of withdrawal requests to his crypto exchange in recent days.According to a report in the Wall Street Journal (WSJ) citing "people familiar with the matter,” the CEO reportedly made the
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