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International Business Times
International Business Times
Business
Marvie Basilan

WSJ Reportedly Sued Over Tether-Bitfinex Article Alleging Suspicious Activities

Tether Christopher Harborne Bitfinex WSJ United States AML Wall Street Journal Bitcoin Signature Bank United Nations
Tether is a cryptocurrency stablecoin pegged to the U.S. dollar. (Credit: YouTube Screenshot/Tether Official YouTube Channel)

KEY POINTS

  • Harborne and AML reportedly alleged that WSJ's article "falsely accused" the plaintiffs of illegal activities
  • WSJ reported early in 2023 that Bitfinex "backers" falsified documents to maintain access to global banking
  • Tether was recently under fire over a UN report alleging the USDT was being used in illicit activities

The Wall Street Journal is faced with a defamation lawsuit over its February 2023 article that alleged companies behind crypto exchange Bitfinex, an affiliate of Tether, conducted illicit activities to stay afloat amid issues with retaining access to the global banking system in 2018, a new report revealed.

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