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Tether Executives Said to Face Criminal Probe Into Bank Fraud

  • DOJ examining whether banks were misled about crypto business
  • Tether says it’s committed to cooperating with law enforcement
Mystery Shrouds Tether And Its Links To Biggest Bitcoin Exchange
Photographer: Andrew Harrer/Bloomberg
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A U.S. probe into Tether is homing in on whether executives behind the digital token committed bank fraud, a potential criminal case that would have broad implications for the cryptocurrency market.