On Dec. 1, the Wall Street Journal published another attack on the crypto industry, targeting Tether this time.

The outlet claims that the company has “increasingly been lending its own coins to customers rather than selling them for hard currency upfront.”

It added that these loans add risk that the “company may not have enough liquid assets to pay redemptions in a crisis.”

The WSJ claims to have examined Tether’s financial reports, which evidence these loans. The most recent report suggests they reached $6.1 billion as of Sept. 30, which equates to 9% of the company’s total assets.

Tether hit back with a blog post titled “WSJ & CO: The Hypocrisy of Mainstream Media, Asleep at the Wheel of Information.”

(By Martin Young)