- Tether maximalists are describing a recent WSJ report as an attempt to spread FUD through misinformation.
- The report alleged that Tether used falsified documents and shell companies to open bank accounts.
- Tether has accused WSJ of making stale allegations that are inaccurate and misleading.
Tether fanatics and maximalists have taken issue with a recent report from the Wall Street Journal which alleged that the USDT issuer used falsified documents and shell companies in order to obtain bank accounts and maintain access to the world of traditional finance.
The report found that Stephen Moore, one of the owners of Tether Holdings Ltd, knew about Tether traders in China circumventing the banking system by faking sales invoices and contracts for their deposits and withdrawals. Moore reportedly said in an email that he had signed these invoices and was afraid of potential fraud and money laundering cases stemming from them.
Furthermore, a series of emails revealed that on some occasions, third parties were used to hide their identity, leading to problems including hundreds of millions of dollars seized by law enforcement agencies and connections to an organization designated as a terrorist outfit by the United States government.
Tether responded to the allegations in the report earlier today. The USDT issuer termed it fear, uncertainty, and doubt (FUD). “The Wall Street Journal’s report about stale allegations from long ago is wholly inaccurate and misleading,” the official statement read.
Tether’s Chief Technology Officer Paolo Ardoino described the report as a ton of misinformation and inaccuracies. “Love the obsession for Tether. I hope WSJ will not start asking Tether a rent. So far we lived rent-free in their minds,” he added. Ardoino was joined by crypto influencer Samson Mow, who claimed that WSJ was sharing old information mixed with misinformation to spread FUD about the USDT issuer.
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