tweet at 9:00am: *TETHER EXECUTIVES SAID TO FACE CRIMINAL PROBE INTO BANK FRAUD tweet at 9:02am: *#TETHER EXECUTIVES SAID TO FACE CRIMINAL PROBE INTO BANK FRAUD - BBG *DOJ EXAMINING WHETHER TETHER MISLED BANKS ABOUT CRYPTO BUSINESS *TETHER SAYS IT'S COMMITTED TO COOPERATING WITH LAW ENFORCEMENT tweet at 9:11am: @DeItaone @Bloqport “DOJ is focused on conduct that occurred years ago, when Tether was in its more nascent stages. Specifically, federal prosecutors are scrutinizing whether Tether concealed from banks that transactions were linked to crypto, said three people with direct knowledge of the matterâ€�Tether Executives Said to Face Criminal Probe Into Bank Fraud A U.S. probe into Tether is homing in on whether executives behind the digital token committed bank fraud, a potential criminal case that would have broad implications for the cryptocurrency market. Tether’s pivotal role in the crypto ecosystem is now well known because the token is widely used to trade Bitcoin. But the Justice Department investigation is focused on conduct that occurred years ago, when Tether was in its more nascent stages. Specifically, federal prosecutors are scrutinizing whether Tether concealed from banks that transactions were linked to crypto, said three people with direct knowledge of the matter who asked not to be named because the probe is confidential. Criminal charges would mark one of the most significant developments in the U.S. government’s crackdown on virtual currencies. That’s because Tether is by far the most popular stablecoin -- tokens designed to be immune to wild price swings, making them ideal for buying and selling more

Today, Bloomberg published an article based on unnamed sources and years-old allegations, patently designed to generate clicks. This article follows a pattern of repackaging stale claims as “news.” The continued efforts to discredit Tether will not change our determination to remain leaders in the community. Tether routinely has open dialogue with law ...