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Tether FUD recycled as DOJ is allegedly probing the executives over possible bank fraud

Cryptopolitan


TL;DR Breakdown

  • The US Department of Justice is allegedly probing Tether executives for dubious bank-related transactions. 
  • Some people have dismissed the development as a recycled “Tether FUD,” while some are curious to know how this case will unfold in the future.  

A new report from Bloomberg alleged that the United States Department of Justice (DOJ) is probing Tether Inc., the company behind the largest stablecoin USDT, over possible bank fraud.  This newest development on “Tether FUD” is coming about five months after Tether and its sister company, Bitfinex, settled its years-long case with the New York Attorney General.