USDT virtual currency under criminal investigation

Accordingly, on October 25, prosecutors at the Manhattan law office will be responsible for investigating Tether. In which, documents show that stablecoin USDT is used by third parties to finance illegal activities such as drug trafficking, terrorism, hackers, money laundering....

Tether under criminal investigation

USDT is one of the leading stablecoins. Stablecoins are currencies developed on the blockchain and have the role of stabilizing prices, pegged to the value of fiat currencies such as USD or Euro. This type of currency has become an important factor in the cryptocurrency ecosystem, making it easy for users to trade. In addition, unlike some other stablecoins, Tether guarantees USDT with real assets.

The US Justice Department reportedly began investigating Tether several years ago. The initial goal was to determine whether Tether backers had committed fraud by using forged documents to access the global banking system.

The US Treasury is also considering sanctions against Tether because the currency is widely used by individuals and groups blacklisted by the US. The sanctions could include banning Americans from doing business with Tether.

Currently, the US Department of Justice and the US Department of the Treasury refuse to comment on the above issue.

Source: https://kinhtedothi.vn/tien-ao-usdt-bi-dieu-tra-hinh-su.html