Tether Refutes WSJ’s Recent Accusations
Tether has dismissed accusations of involvement in fraudulent bank account acquisition using falsified documents made on March 3.
The article cited messages from Tether Holdings Ltd.’s owner, Stephen Moore, who expressed concern about the risks of using false documents and warned against engaging in fraudulent or money laundering practices.
Despite this, at least one Tether executive, allegedly Moore himself, had signed false documents. Tether refuted the claims as “wholly inaccurate and misleading” and stated that it maintained compliance programs and worked with enforcement agencies.
Paolo Ardoino, Tether’s CTO, also dismissed the report as containing “misinformation and inaccuracies” on Twitter.
I'm at the PlanB anniversary in #lugano
So much energy and people excited to talk about #Bitcoin
While I was on on stage I heard some clown honks, pretty sure was WSJ.
As always ton of misinformation and inaccuracies. Poor guys, must be difficult be them but need better media.
— Paolo Ardoino 🍐 (@paoloardoino) March 3, 2023
The Wall Street Journal has previously criticized Tether for various issues, but the company’s USDT token remains the largest stablecoin with a market cap of $71 billion and a 24-hour volume of $43 billion.