Tether, Bitfinex, and related companies have been accused by the Wall Street Journal of using falsified documents to obtain bank account. The Wall Street Journal made a serious allegation against one of the most popular and largest stable coins in the cryptocurrency ecosystem.
According to the Wall Street Journal, “Tether turned to shadowy intermediaries, falsified documents and shell companies to get back in to the global banking system in late 2018, after a series of governmental actions cut them and their banking partners off from the financial system.”
The journal also outlined other allegations involving Tether and its related companies, this allegation include ow Tether was repeatedly denied accounts at New York’s Signature Bank, and so ultimately got an executive at an aviation fuel broker called AML Global to open an account that appeared to be used to fraudulently process transactions on behalf of Tether and Bitfinex.
Tether in the time past, have had questions about its legitimacy and the status of its claimed reserves according to source.

By 4niso

12 thoughts on “WSJ alleges that Tether and Bitfinex, used falsified documents to get into bank Account.”
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