Tether (USDT) responds to report on using falsified documents to open bank accounts
Tether, the issuer of the largest stablecoin, has called the Wall Street Journal report “wholly inaccurate and misleading. The WSJ report accused the firm of using falsified documents and shell companies to open bank accounts in 2018.
The report stated that the company had opened accounts under the names of executives from various companies. This was done in order to continue to be part of the global financial system.Is your portfolio green?
Check out the USDT Profit CalculatorMoreover, the report also claims that the stablecoin issuer and the leading crypto exchange – Bitfinex, had at least nine bank accounts for shell companies in Asia in October 2018.
One of the shell companies was identified as Crypto Capital Corp, which was noted as a shadow bank. The shell company held some of Tether’s funds but was eventually shut down by authorities in 2018.Additionally, the report also cited one of the emails sent by Stephen Moore – one of the owners of Tether holdings.
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