Department of Justice Revamping Investigations into Tether USDT – Here’s What You Need to Know
The US Department of Justice has revamped a probe into whether Tether’s executives committed bank fraud in the early days of the stablecoin. According to a Bloomberg report, the investigation has been transferred to anot...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to a Bloomberg report, the investigation has been transferred to another team within the DOJ and is now directed by US Attorney Damian Williams of Manhattan in the Southern District of New York (SDNY). ...
Read More: Department of Justice Revamping Investigations into Tether USDT – Here’s What You Need to Know
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Senator probes Tether’s reported $6 million payments to ex-White House crypto adviser’s firm
Tether faces US Senate scrutiny over multimillion-dollar payments to a consulting firm co-owned by a former White House crypto adv...
How $37 million stolen from Americans moved through a Bahamas bank into Tether’s USDT
Prosecutors allege a bank-to-USDT laundering role in a case involving 174 identified US victims; no new repayment figure was annou...
Senator Probes Tether’s Reported $6M Deal With Firm Tied to Ex-Trump Crypto Advisor
Sen. Richard Blumenthal (D-Conn.) has launched an investigation into Tether’s reported multimillion-dollar payments to a consultin...
Senate Democrat Probes Tether Payments to Ex-White House Crypto Adviser’s Firm
Sen. Richard Blumenthal demanded Tether’s records on payments to Nxum, a firm co-owned by former White House crypto adviser Bo Hin...
US Senator Questions Tether Over Reported Payments Linked To Former Crypto Adviser
TL;DR: Senator Richard Blumenthal has demanded records from Tether and consultancy Nxum over reported payments and potential ethic...
Lido Puts Liquidity Buffers At The Center Of Ethereum ETP Yield Debate
An Ethereum investment product can advertise staking exposure without putting every unit of its ETH to work. Lido’s October 23 com...