{"id":195770,"date":"2021-07-28T14:00:54","date_gmt":"2021-07-28T13:00:54","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=195770"},"modified":"2021-07-28T22:15:22","modified_gmt":"2021-07-28T21:15:22","slug":"tether-usdt-slams-bloomberg-over-criminal-probe-accusations","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/tether-usdt-slams-bloomberg-over-criminal-probe-accusations\/","title":{"rendered":"Tether (USDT) slams Bloomberg over criminal probe accusations"},"content":{"rendered":"

The recent report about Tether (<\/span>USDT<\/span><\/a>) facing a criminal probe in the US, published by <\/span>Bloomberg<\/span><\/i><\/a> and covered by <\/span>CryptoSlate<\/span><\/i><\/a>, <\/span><\/i>received a snappy <\/span>response<\/span><\/a>, in which the issuers of the largest <\/span>stablecoin<\/span><\/a> claimed the alleged accusations don\u2019t constitute news but are published as clickbait.<\/span><\/p>\n

According to the report that cited three unnamed sources with direct knowledge of the matter, the US Department of Justice (DoJ) investigation is focused on conduct that occurred years ago, scrutinizing whether Tether failed to disclose to banks that transactions were linked to crypto.<\/span><\/p>\n

Discrediting the media for discrediting Tether<\/strong><\/h2>\n

The article is \u201cpatently designed to generate clicks,\u201d read the response, stating that the report is consistent with the pattern of recycling out-dated claims as news.<\/span><\/p>\n

\u201cThe continued efforts to discredit Tether will not change our determination to remain leaders in the community,\u201d said Tether issuers, who <\/span>revealed<\/span><\/a> the makeup of its reserves in May, reaffirming that \u201cTether routinely has open dialogue with law enforcement agencies, including the U.S. Department of Justice.\u201d<\/span><\/p>\n

Even though the response statement underlines Tether's \u201ccommitment to cooperation, transparency, and accountability,\u201d its issuers still haven't produced an audit.<\/span><\/p>\n

Business as usual<\/strong><\/h2>\n

The article\u2019s response prompted the debate on Twitter, ranging from advice on how to handle clickbait accusations, to effective solutions on how to tackle the recurring skepticism.<\/span><\/p>\n

\n

Lawsuit imediatly. Enoug of this reta***d media who only sustains itself with clickbaits. Destroy them !!!!<\/p>\n

— \u26a1CYPHERZAR\u26a1?? (@crypto_sphere_) July 26, 2021<\/a><\/p><\/blockquote>\n