Tether strikes at WSJ over ‘stale allegations’ of faked documents for bank accounts

cointelegraph.com:

The company behind stablecoin Tether (USDT) has rebuffed a report by The Wall Street Journal claiming it had ties to entities that faked documents and used shell companies to maintain access to the banking system.

On March 3, the WSJ reported on leaked documents and emails purportedly revealing that entities tied to Tether and its sister cryptocurrency exchange Bitfinex faked sales invoices and transactions and hid behind third parties in order to open bank accounts they otherwise may not have been able to open.

In a March 3 statement, Tether called the findings of the report “stale allegations from long ago” and “wholly inaccurate and misleading,” adding:

The firm went on to say that it was a “proud” partner with law enforcement and “routinely and voluntarily” assists authorities in the United States and abroad.

Tether and Bitfinex chief technology officer Paolo Ardoino tweeted on March 3 that the report had “misinformation and inaccuracies” and insinuated that the WSJ reporters were clowns.

I'm at the PlanB anniversary in #luganoSo much energy and people excited to talk about #Bitcoin While I was on on stage I heard some clown honks, pretty sure was WSJ.As always ton of misinformation and inaccuracies. Poor guys, must be difficult be them but need better media.

Cointelegraph contacted Tether and Binfinex for comment on the report and their statement but did not receive a response by the time of publication.

The WSJ article outlines — through its reported review of leaked emails and documents — Tether and Bitfinex’s apparent dealings to stay connected to banks and other financial institutions that, if cut off from, would be  “an existential threat” to their business, according to a lawsuit filed by the pair against Wells Fargo