Tether CEO Paolo Ardoino has responded to a recent report from the Wall Street Journal regarding a criminal investigation into his company.
Ardoino took to social media to address the situation, dismissing the report as “old news” and asserting that there is no evidence to suggest that the leading stablecoin issuer is under investigation by U.S. authorities.
Following the news, the price of Bitcoin experienced a brief dip below $66,000. However, Ardoino’s statement helped alleviate concerns, and the price has since recovered to $67,460, as per CoinGecko.
Despite the initial drop, Bitcoin is now only down 0.4% in the last 24 hours.
In response to a recent Wall Street Journal report, Tether CEO Paolo Ardoino has addressed the alleged criminal probe into his company. Ardoino took to social media to refute the claims, stating that there is no evidence to suggest that Tether is under investigation by the U.S. government. The report caused a momentary dip in the price of Bitcoin, which fell below $66,000 before recovering to $67,460 following Ardoino’s reassurance. Despite the initial drop, Bitcoin is currently down only 0.4% in the past 24 hours.
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