Tether recently criticized the Wall Street Journal (WSJ) for its report alleging a federal investigation into the company's USDT stablecoin for potential sanctions and anti-money laundering (AML) violations in the US. The investigation, reportedly led by the Manhattan US Attorney’s Office, suggests potential misuse of USDT for illegal activities, including drug trafficking and terrorism.
In response, Tether labeled the WSJ's reporting as "wildly irresponsible" and claimed the allegations were made without verified sources. Tether CEO, Paolo Ardoino, reiterated this stance on social media, emphasizing the lack of any indication of ongoing investigations against Tether by authorities.
Furthermore, Tether underscored its commitment to transparency and proactive collaborations with law enforcement to combat the misuse of its platform for illicit aims. The company criticized the WSJ for not acknowledging its efforts to work closely with law enforcement in cracking down on bad actors in the cryptocurrency ecosystem.
