rewrite this title and make it good for SEO Tether Spokesperson Blasts WSJ Article, Says Company Is Unaware of U.S. Probe – NFTgators

Quick take:

The Wall Street Journal article said the U.S. Attorney’s Office in Manhattan led investigations.

The report said one area being scrutinised was whether the cryptocurrency firm has been used by third parties to fund illegal activities such as the drug trade, terrorism, and hacking or launder the proceeds generated through such activities.

Tether CEO Paolo Ardoino said on X “There is no indication that Tether is under investigation.”

Tether CEO CEO Paolo Ardoino said late on Friday that there is no indication his company is under investigation. The post follows an article by a Wall Street Journal article, which citing unnamed sources, claimed the cryptocurrency firm was being scrutinised by Federal investigators led by the U.S. Attorney’s Office in Manhattan, for possible violations of anti-money-laundering and sanctions rules.

However, Ardonio was quick to respond to the claims saying “There is no indication that Tether is under investigation,” via a post on X.

According to the WSJ article, some of the potential violations under scrutiny include whether the cryptocurrency firm has been used by third parties to fund illegal activities such as the drug trade, terrorism, and hacking or launder the proceeds generated through such activities.

A Tether spokesperson echoed CEO Ardoino’s remarks, blasting the U.S. news outlet for “writing articles with such certainty when no authority has gone on the record to confirm these rumours,” adding that no sources had been named in the article.

“These stories are based on pure rank speculation despite Tether confirming that it has no knowledge of any such investigations into the company. The article also carelessly glosses over Tether’s well-documented and extensive dealings with law enforcement to crack down on bad actors seeking to misuse tether and other cryptocurrencies,” the spokesperson added.

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