Manhattan U.S. Attorney's Office investigates Tether for potential sanctions, anti-money-laundering violations and drug trafficking allegations.

The Manhattan U.S. Attorney's Office is investigating Tether, a major stablecoin issuer, for potential violations of U.S. sanctions and anti-money-laundering laws. Allegations include misuse of Tether's stablecoin in drug trafficking and terrorism financing. Tether CEO Paolo Ardoino has denied the investigation, despite reports from The Wall Street Journal. Tether holds $81 billion in Treasury bills, linking it to broader financial stability concerns.

October 25, 2024
13 Articles

Further Reading