The dispute between JPMorgan and Tether escalates as the stablecoin issuer slams another critical bank report. Circle and Coinbase ask Congress to clamp down on Tether, citing concerns over its practices. JPMorgan points out that U.S. regulators, via the U.S. Treasury's Office of Foreign Assets Control, could exert control over Tether. Allegations have emerged that Bahamas-based Deltec Bank provided a secret short-term credit line worth billions to SBF's Alameda Research for buying Tether, highlighting Tether's involvement in potentially questionable financial practices.
A Florida court filing accuses the Bahamas-based Deltec Bank of giving Alameda Research a short-term line of credit worth billions of dollars to buy Tether (@zekefaux / Bloomberg) https://t.co/ZatQPmAze6 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/nuTmIcZzxQ
According to a lawsuit filed in Florida federal court on Friday, Tether's key partner, Bahamas bank Deltec Bank & Trust Ltd, is accused of providing a secret short-term credit line worth billions to SBF's Alameda Research, according to Bloomberg. The filing also said Deltec was…
Remember kids, Tether owns Deltec bank. So tether loaned money to FTX/Alameda Ponzi scheme. Now what other Ponzi schemes are they funding?
Great article by @ZekeFaux shedding some light on how the Tether/FTX/Alameda relationship worked. As I testified to @SenateBanking the day after Sam’s arrest, Sam was the biggest customer of @Tether_to… https://t.co/HTJ5fYpzdH
What the fuck did I tell you all? Bahamas Bank Deltec Accused of Giving SBF ‘Secret’ Credit to Buy Tether https://t.co/4vuFmQs3In
Remember folks, Alameda/FTX was a Tether funded Ponzi scheme. H/t @ZekeFaux https://t.co/snMB3K8qJ7
New story on SBF, Tether, and Deltec https://t.co/NgyrkYeVuD
.@jpmorgan says U.S. regulators can exert some control over stablecoin issuer @Tether_to via the @USTreasury’s Office of Foreign Assets Control. https://t.co/FWPugm7Cu7
The stablecoin wars are heating up as @circle and @coinbase ask Congress to clamp down on USDT issuer @Tether_to Read more: https://t.co/kzzYwk8TuX https://t.co/OsPvbo4jM1
JPMorgan, Tether spat escalates as stablecoin issuer slams another critical bank report https://t.co/brWmvj1hhj