According to information released by the New York Attorney General (NYAG), Tether, the issuer of leading stablecoin USDT, reportedly deactivated around 29 accounts tied to significant players in the cryptocurrency sphere in 2021.

While reasons for the individual account terminations remain undisclosed, the named entities included MoonPay, BlockFi, CMS Holdings, and Galois Capital.

Responding to the unfolding situation, Tether indicated its reluctance to comment on specific customer relationships, noting that each party had undergone stringent compliance checks both during onboarding and throughout their relationship, in line with Tether’s compliance policies.

NYAG Investigation and Tether’s Commitment to Transparency

While the NYAG investigation wrapped up in early 2021, some of the documents in question extend until June of that year. These documents were collected during the NYAG’s probe into Tether and sister company Bitfinex over the alleged misappropriation of $850 million. During this investigation, iFinex, the parent company of both entities, requested an extension to produce the required financial documents.

Followin

Go to Source to See Full Article
Author: Vince Dioquino

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details