Tether has adamantly denied allegations of money laundering and sanctions violations, asserting that the Wall Street Journal's article presents reckless and unconfirmed statements about their operations.
With a market cap of $120 billion, Tether's stablecoin is critical in crypto trading, creating concerns about its backing and use in illegal activities.
The company highlights its extensive cooperation with law enforcement, aiming to tackle crypto misuse, countering claims about its involvement with global criminal networks.
Past investigations included fines from the New York Attorney General and the Commodity Futures Trading Commission, revealing a history of regulatory scrutiny surrounding Tether's operations.
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