Tether Says Wall Street Journal’s Report of Falsified Bank Documents Is ‘Inaccurate and Misleading’
Tether states the Wall Street Journal’s report about stale allegations from long ago is wholly inaccurate and misleading.
Tether Denies WSJ Allegations of Falsified Bank Documents
On March 3, the Wall Street Journal claimed that “Tether Holdings and [a] related crypto broker obscured identities” as evidenced by documents it has obtained.
Crypto Morning Briefing: Tether And Bitfinex Used Fake Documents, Shell Companies To Get Banking Access
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Tether And Bitfinex Used Fake Documents, Shell Companies To Get Banking Access: WSJ Report
Since the earliest days of the cryptocurrency industry, Tether, the issuer of the world’s largest stablecoin by market capitalization, USDT, has been shrouded with controversies and numerous accusations. What comes as the latest blow to the growing stablecoin maker, a report by WSJ states that the company leveraged falsified documents and shell companies to gain banking access at a time when they were facing difficulty to access the global banking system.
Ethereum’s Largest Whales Quietly Accumulated $ETH to Seven-Year Record
The largest whales on the Ethereum ($ETH) network, meaning the largest addresses by cryptocurrency holdings that do not belong to cryptocurrency trading platforms, have been quietly accumulating Ether this year, to the point their holdings hit more than 25 million tokens.
Crypto Morning Briefing: Coinbase No Longer Accepts Payments via Silvergate Bank
Tether Has No Exposure to Sinking Crypto Bank Silvergate, Says CTO; Japanese Popular Manga Captain Tsubasa NFT Sale Starts on March 2, 2023; Elon Musk and Tesla Accepting Bitcoin 'Opened Door' for Adidas' Web3 Plans; Binance Resumes Terra Classic Burns, Incinerates 8.8B LUNC
Tether Has No Exposure to Sinking Crypto Bank Silvergate, Says CTO
The chief technology officer of Tether has said his company has no exposure to Silvergate, as companies across the crypto industry line up to distance themselves from the troubled bank.
Stablecoins From Tether Are Now on Bitget
Tether Gold (XAUT) and Euro Tether (EURT) are now available to users on the Bitget exchange.
Tracking a Novel Scheme to Launder Tether on Tron Blockchain
Around $775,000 of stablecoin USDT was allegedly stolen in a phishing scheme on the Tron network, according to an investigation by risk assessment firm Global Ledger. Global Ledger claims the funds were laundered via the TRX staking mechanism. Staking on Tron involves delegating TRX tokens to one of 27 Super Representatives, the network’s version of a validator node. Global Ledger said the fraudsters used the SunSwap exchange to get USDT for Tron in a certain wallet. They then used TRX for staking to verify their transactions and cover transaction fees, Global Ledger said. (Blockworks)
Tether Has Transferred Part of Its Reserves to the Management of a Wall Street Firm
The Wall Street Journal published an article on February 10, according to which a large Wall Street firm, Cantor Fitzgerald, will manage the reserves of Tether invested in US T-bills.
