Reported about 1 month ago
Tether's CEO, Paolo Ardoino, stated on October 25, 2024, that there is no indication the company is under investigation, despite a report from the Wall Street Journal suggesting U.S. authorities are looking into potential violations related to sanctions and anti-money laundering. The report claims that investigations are focusing on whether Tether has been used for illegal activities like drug trafficking and terrorism. Tether has faced scrutiny for years regarding potential bank fraud and is reportedly under consideration for sanctions by the Treasury Department.
Source: YAHOO