Photo Illustration by Mark Harris; Photos: Bloomberg (1), Getty Images (4)
Commerce Nominee Lutnick Is Backer of Outlaws’ Favorite Cryptocurrency
Cantor Fitzgerald holds assets for Tether, the stablecoin used by drug traffickers, terrorists and scammers to move money around the world.
To the crypto company Tether, the account was identified only by a 31-character string: TTAHMdqoom4f2VTWniroPWQHcTRZ4ca.
It’s a cryptocurrency wallet address, one of more than 300 million around the world that have held Tether tokens and make up a global unregulated payments network. Unlike a bank or fintech company, Tether collects no personal information about most of its users. Anyone can open a crypto wallet and move money with Tether quickly, cheaply and anonymously.