Tether, a stablecoin provider, has completed a SOC 2 Type 1 audit, demonstrating compliance with advanced security standards. The audit reviewed Tether's IT and data protection measures, with plans for SOC 2 Type 2 certification in 2024/25 and annual audits. Tether's CEO, Paolo Ardoino, emphasized the importance of data protection and information security in managing customer assets.
Fun Fact: Way before Wall St Journal reported on Tether laundering billions of dollars for the Russians, Tether executives Giancarlo Devasini met up with Iranians looking to launder money, and posted pictures on Twitter about it. Tether is the largest financial fraud & money… https://t.co/dMQfI1EsRt
Institutionalized investors allegedly sending another billion dollars to the Tether fraud, after it was reported that Tether fraud is laundering tens of billions of dollars every month for Russia in violation of US Sanctions on Russia. To Justin Sun, who’s being sued by the… https://t.co/BdUHjBUdvQ
Actual News: Largest crypto company Tether fraud found to be operating massive $10/billion dollars a month money laundering operation funding Russia war. Coindesk Reporting; Look over there! Moew tokens! Up 14,000%! https://t.co/PiLe6o4rR9
Russia bypassing sanctions to buy weapons parts with crypto, transactions done in Hong Kong. https://t.co/pgW7FCYVqN
Tether Completes an Audit Described as the Gold Standard in Security Compliance https://t.co/QkRmvRNodh
Stablecoin Issuer Tether Completes SOC 2 Type 1 Audit #tether #usdt #compliance https://t.co/QkRmvRNodh
Tether says it 'completes' a 'security' audit the same day it's reported that they're laundering $10 billion dollars a month for the Russian war machine. Very secure. Remember when Binance hired Chainalysis to do compliance, then paid $4 billion in fines for compliance… https://t.co/QwKS1mfvhA
WSJ: Russia using cryptocurrency to avoid sanctions. A self-described Russian smuggler in China received a request from the manufacturer of the legendary AK-47 rifle. Russia’s largest maker of small arms, Kalashnikov Concern, needed electrical parts for drones that have been…
Today's Wall Street Journal writes that Russia is using cryptocurrency to circumvent sanctions and purchase components for weapons. https://t.co/NA256Vu5IR
⚡WSJ: Russia using cryptocurrency to avoid sanctions. Russian smugglers are using the cryptocurrency tether to circumvent Western sanctions and purchase weapons and drone parts, the Wall Street Journal (WSJ) reported on April 1. https://t.co/wHWYRotvEG
.@Tether_to undergoes an independent audit, confirming compliance with advanced security standards. https://t.co/JIVKy1OVY7
How will Tether do damage control on being exposed for laundering $10 billion dollars a month for Russia?
big story today in WSJ on Russian money laundering with Tether-- “If you are looking for a way to pay Iranians, you can perfectly easily pay them with Tether,” he told a Moscow conference. “No problem.” https://t.co/wsCaUZ69Ns
Tether completes the hardest security audit developed by the American Institute of Certified Accountants https://t.co/3R1tJJWMFV
Tether Announces SOC 2 Type 1 Audit! “This compliance measure assures our customers that their assets and data are managed in an environment meeting the highest standards for data protection and information security,” said @paoloardoino, @Tether_to CEO. https://t.co/3Ti42YJRCS
USDT stablecoin provider Tether passed the SOC2 audit, demonstrating its ability to secure customer data with strict measures https://t.co/w8YtEGM1Oi
JUST IN: #Tether completes SOC 2 Type 1 audit, marking an initial phase in security compliance. The audit, governed by AICPA standards, reviews Tether's IT and data protection measures. Tether plans for SOC 2 Type 2 certification in 2024/25 and commits to annual audits.
Tether announced that it underwent the System Organization Control (SOC) 2 Audit Type 1. The SOC 2 Type 1 audit examination is a standard in security compliance developed by the American Institute of Certified Public Accountants. Tether has also committed to undergo the SOC 2…
Tether Announces Completion of System Organization Control (SOC) 2 Type 1 Audit https://t.co/jIbrdx30wh
When was Tether last audited?