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 Wall Street Journal claimed that documents in their possession showed that Tether and a related cryptocurrency broker concealed identities.
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.
READ MORE: Ethereum: Should we Expect Selling Pressure After the Next Update?
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.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
