It seems US authorities aren’t yet done with controversial cryptocurrency Tether. The ‘USD-backed’ stablecoin is now being probed by the country’s Justice Department, according to a Bloomberg report. The US Department of Justice (DOJ) and Commodity Futures Trading Commission (CFTC) together launched a criminal probe into cryptocurrency market manipulation in May. The investigations have now zeroed in on a possible nexus involving Bitcoin, Tether, and cryptocurrency exchange desk Bitfinex as being responsible for illicit trading practices that led to a massive surge in the cryptocurrency market late last year. As part of the probe, the Justice Department is looking into Tether’s claim of being USD-backed,…
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US Department of Justice is investigating Tether for market manipulation
Source: The Next Web
