A Wall Street Journal report has it that Tether used fake documents and falsified intermediaries to access bank accounts.
According to the report, Tether, the company parenting the USDT(the world’s largest stablecoin), tweaked the names of executives of various companies to maintain its access to the global financial system in 2018.
Paolo Ardoino, the chief technology officer of Tether, said the report contained a "ton of misinformation and inaccuracies."
According to the report, Tether Holdings co-owner Stephen Moore pushed back against the use of fake sales invoices, saying, "I would not want to argue any of the above in a potential fraud/money laundering case" in an email.
The report also referenced the recording of a call with former Tether executive Phil Potter posted to YouTube in 2017 by Bitfinexed.