Wednesday, June 20, 2018

Tether taps ex-FBI director’s law firm for yet another phony ‘audit’


It appears controversial cryptocurrency issuer Tether (USDT) is yet again trying to prove its legitimacy to the larger blockchain community. The company has hired a law firm co-founded by former FBI director Louis Freeh to look into its financial situation. “Earlier this year Tether engaged Freeh, Sporkin & Sullivan LLP (FSS) to review bank account documentation and to perform a randomized inspection of the numbers of Tethers in circulation and the corresponding currency reserves,” Tether wrote in a statement on its website. For the record, while Freeh, Sporkin & Sullivan LLP had access to Tether accounts at two banks for weeks,…

This story continues at The Next Web

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