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

Sept. 21, 2022, 2:11 PM

A US decide has purchased Tether Holdings Ltd. to produce money documents detailing the backing of USDT, the world’s most significant stablecoin, CoinDesk noted, citing courtroom paperwork.

  • Purchase issued Sept. 20 by Judge Katherine Polk Failla in New York was filed as element of a 2019 lawsuit in opposition to Tether and Bitfinex, in which a group of traders alleged the two conspired to manipulate crypto industry costs and lied about reserves backing USDT
  • Polk Failla demanded Tether and Bitfinex to supply “general ledgers, equilibrium sheets, money statements, dollars-move statements and income-and-loss statements” as perfectly as documents of crypto transactions built
  • Lawful …

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