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Tether Ordered to Produce Documents on Stablecoin: CoinDesk (1)

September 22, 2022
in Tether
0

Sept. 21, 2022, 2:11 PM

A US judge has ordered Tether Holdings Ltd. to produce financial records detailing the backing of USDT, the world’s largest stablecoin, CoinDesk reported, citing court documents.

  • Order issued Sept. 20 by Judge Katherine Polk Failla in New York was filed as part of a 2019 lawsuit against Tether and Bitfinex, in which a group of traders alleged the two conspired to manipulate crypto market prices and lied about reserves backing USDT
  • Polk Failla required Tether and Bitfinex to provide “general ledgers, balance sheets, income statements, cash-flow statements and profit-and-loss statements” as well as records of crypto transactions made
  • Legal …

Emily Nicolle

Bloomberg News

© 2022 The Bureau of National Affairs, Inc.

All Rights Reserved


This news is republished from another source.

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Name Price
bitcoin
Bitcoin (BTC)
$23,171.00
ethereum
Ethereum (ETH)
$1,595.08
USDEX
USDEX (USDEX)
$1.08
tether
Tether (USDT)
$1.00
usd-coin
USD Coin (USDC)
$1.00
binancecoin
BNB (BNB)
$308.64
ripple
XRP (XRP)
$0.412397
binance-usd
Binance USD (BUSD)
$1.00
cardano
Cardano (ADA)
$0.387450
dogecoin
Dogecoin (DOGE)
$0.088836


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