US seizes $45 million in fraud proceeds from Tether/FTX’s bank Deltec
It “appears” that Deltec Bank “misrepresented the purpose and use” of its MUFJ accounts, which were opened with MUFJ by Deltec on behalf of unspecified corporate clients.
Latest Deltec Bank News
What is Tether backed by?
A recent announcement from the bank Tether uses (Deltec Bank) has once again called the amount of reserves Tether has into question.
Tether’s new banking partner already in hot water
According to media outlet, Brazil’s Deltec Bank & Trust may have been involved in a large money-laundering scheme that involves a Brazilian government official.