Individuals behind the Tether and Bitfinex exchange reportedly “used falsified documents and shell companies” to ensure access to banking services as far back as 2017, according to the Wall Street Journal.
Tether CTO Paolo Ardoino gave an interview in which he celebrated Tether's ability to redeem $7 billion—10% of its alleged reserves—in one 48-hour period during last year's 'crypto' meltdown.
Jenner & Block attorney Shoba Pillay, the bankruptcy court-appointed examiner of the collapsed Celsius crypto lending platform, released a 689-page report into the history of the Celsius fraud.
Henslee concludes that it’s a good thing BSV was delisted from Bitfinex as this exchange is shady for him, and it’s best not to be associated with it in any way, shape, or form.
Binance is reportedly ramping up its legal department amid a DOJ probe and a slew of charges tied to the exchange's alleged money laundering conspiracy and breach of criminal sanctions, among others.
Tether claims it has sufficient reserves to back the more than $65 billion worth of USDT stablecoin out in the market, but a recently published WSJ report shows the statement to be sketchy.
The FTX meltdown revived the 2011 crackdown on the online gambling industry, where 11 high-stakes individuals and poker players from PokerStars, Full Tilt Poker, and Absolute Poker were indicted.
A Chinese court has ruled that local companies can’t pay their workers’ wages with USDT (aka Tether) because the government—like everyone else—doesn’t recognize the stablecoin as legitimate.
The jig may be up for the Tether stablecoin following a trainwreck CNBC interview and regulators losing patience with the digital currency sector’s aversion to oversight.
