Bitcoin Accelerates Despite Alleged Tether Criminal Probe Report

Bitcoin (BTC) trimmed its gains today, before rebounding again despite claims that executives behind the most popular stablecoin, tether (USDT), might face a criminal probe.

At 16:53 UTC, BTC trades at USD 39,184, rebounding from USD 37,889, reached after a report by Bloomberg said that a US probe into Tether is homing in on whether executives behind the digital token committed bank fraud. BTC is up by 15% in a day.

Federal prosecutors are scrutinizing whether Tether concealed from banks that transactions were linked to crypto, the report said, citing three undisclosed people with direct knowledge of the matter. A decision on whether to bring a case could be made soon, it added.

While the Justice Department (DoJ) declined to comment, Tether said that they “routinely [have] open dialogue with law enforcement agencies, including the DoJ, as part of our commitment to cooperation and transparency.”

(Photo : Facebook)

bitcoin
Bitcoin (BTC) $ 42,913.00 0.98%
ethereum
Ethereum (ETH) $ 3,292.76 1.62%
binance-coin
Binance Coin (BNB) $ 486.57 2.05%
tether
Tether (USDT) $ 1.00 0.14%
cardano
Cardano (ADA) $ 1.52 10.75%
usd-coin
USD Coin (USDC) $ 1.00 0.14%
solana
Solana (SOL) $ 143.70 3.84%
xrp
XRP (XRP) $ 0.768470 1.94%
terra-luna
Terra (LUNA) $ 84.04 1.78%
polkadot
Polkadot (DOT) $ 26.85 5.08%
S&P 500  ^GSPC 
$4,662.85  $3.82  (0.08%)
Dow Jones Industrial Average  ^DJI 
$35,911.81  $201.79  (-0.56%)
NASDAQ Composite  ^IXIC 
$14,893.75  $86.95  (0.59%)
Russell 2000  ^RUT 
$2,162.46  $3.02  (0.14%)
Crude Oil Feb 22  F*CL.NYM 
$84.50  $0.6800  (0.81%)
   
$0.0000  $0.0000  (0.00%)