We remain committed to our customers and the industry-leading technology and transparency that has led to our growth.įurthermore, Tether has only enhanced its cooperation with the DOJ by helping the department in real time in connection with some of the biggest cybercrime and national security cases in the country. We are proud of our role as industry leaders in promoting cooperation between industry and government authorities in the U.S. Department of Justice, as part of our commitment to cooperation, transparency, and accountability. Tether routinely has open dialogue with law enforcement agencies, including the U.S. Sensationalized journalism and poor reporting will not stop that and any claims otherwise are blatant lies. It is business as usual at Tether, as we continue to lead the industry in transparency, as the largest and most agile stablecoin on the market. This represents yet another example of their incompetent journalism and inability to seperate fact from falsity.

Many of the events they have fixated on in this story are not only inaccurate but are also occurrences that have happened with our sister company, Bitfinex. In the time since those stories have been published - stories which have been despicable attempts at crying wolf - Tether has in fact, been collaborating with law enforcement around the world. This is Bloomberg recycling old news that isn’t even factual.īloomberg first reported on the DOJ's “investigation” in November of 2018 and in the years after. This most recent attempt to tarnish the reputation of Tether, one of the industry’s most significant contributors is yet another example of this behavior. Bloomberg has proven themselves time and time again to be desperate for attention in an industry that they just do not understand. The spreading of false information is the biggest threat to the cryptocurrency industry that currently exists.

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