Did tether access your bank accounts?

Tether, the company behind the world's largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says. Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.

Did tether use shell companies and questionable account holders?

An investigation by the Wall Street Journal revealed that USDT issuer Tether used shell companies and questionable account holders to access the banking system in 2018. According to the report, a Turkish account was used by a terrorist group in conjunction with Bitfinex to launder funds raised from cryptocurrency donations.

Did a tether trader 'circumvent the banking system'?

WSJ: One of those intermediaries, a major tether trader in China, was trying to "circumvent the banking system by providing fake sales invoices and contracts for each deposit and withdrawal," Stephen Moore, one of the owners of Tether Holdings, said in an email viewed by The Wall Street Journal. Mr.

Is tether really backed by crypto assets?

Crypto investors have soured on Tether since the collapse of the TerraUSD stablecoin in early May led to increased scrutiny of the assets it claims to be backed by.