Tether responds to WSJ FUD regarding fake bank documents

Tether responds to WSJ FUD regarding fake bank documents
The leading stable coin emittent Tether, the mainstream media, the Wall Street Journal, again beaten up because they published a report in which the company and their subsidiaries were said about four years ago and opened mailbox companies to open bank accounts.
The WSJ published the report on Friday and cited emails and documents that Stephen Moore, one of the owners of Tether Holdings Ltd.
The allegations
The WSJ claimed that the incident occurred after the crypto capital corp. Four years ago had been under water, which was the most important shadow bench in crypto for years before the authorities closed them in 2018. She maintained connections to several crypto units, including Tether and his sister company Bitfinex.
The WSJ claimed that Tether and his supporters had fake bills and contracts at the end of 2018 when they lost access to the global banking system, and the fake documents made it possible for them to create new bank accounts.
"One of these agents, a great Tether dealer in China, tried to avoid the banking system by providing falsified sales calculations and contracts for every deposit and payment ... 'In the end, the companies (Tether and Bitfinex) were able to open nine new bank accounts for mailbox companies in Asia within nine days in October 2018" Report.
tether answer
on Friday afternoon, Tether Chief Technology Officer Paolo Ardoino blown up The media house on Twitter said that the article was filled with a "ton of misinformation and inaccuracies".
Shortly after Ardoino's comments Tether published an official answer to the report and found that it was nothing more than WSJ. The stable coin issuer added that the claims from the media release were inaccurate and misleading.
"These unfair attacks will not prevent us from continuing these efforts and offering the most liquid and reliable stable coin experience, which the market has clearly recognized by making us the industry leader," said Tether.
It is worth noting that this is not the first time that Tether reacts to WSJ because of disinformation and fud. In December, the StableCoin company replied to a WSJ report in which Tether was criticized for his secure loans because of potentially unreliable reserves.
Tether rejected the allegations and said that his loans were oversized by "extremely liquid" assets and planned to reduce the secured loans to zero by the end of this year.
crypto banking problem
Meanwhile, the WSJ report came at a time when crypto companies experience how difficult it is for them to access banking services.
On Thursday, the crypto -friendly Bank Silvergate Capital Corporation was subjected to an intensive examination due to operational problems. This prompted several crypto companies, including coinbase and octopus, to give up the bank and their service.
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