no reason for @Tether_to situation to nuke the market

plenty of global stablecoin alternatives exists

let's beat this, friends

— Mike Dudas (@mdudas) July 26, 2021

* TETHER EXECUTIVES SAID TO FACE CRIMINAL PROBE INTO BANK FRAUD

* DOJ EXAMINING WHETHER TETHER MISLED BANKS ABOUT CRYPTO BUSINESS *TETHER SAYS IT'S COMMITTED TO COOPERATING WITH LAW ENFORCEMENT

(via @business)

— Carl Quintanilla (@carlquintanilla) July 26, 2021

Do you own or do your fiduciaries own on your behalf any Tether? If so, here's a list of questions:

Why? https://t.co/dDPQgVPsFF

— Ivan the K™ (@IvanTheK) July 26, 2021

A U.S. probe into Tether is focused on whether executives misled banks on its crypto business, a potential criminal case that would have broad implications for crypto https://t.co/kytEpAVeEV

— Bloomberg (@business) July 26, 2021

Taking the risk of Tether off the board would be a massive net benefit to the whole ecosystem

Hope they nail these guys https://t.co/azfF9DJ1Sa

— LeighDrogen.eth (@LDrogen) July 26, 2021

Trying and failing is better than not trying at all. Unless you’re talking about bank fraud. In that case, you probably shouldn’t be trying it. ?https://t.co/KRplhZrtqk

— Dare Obasanjo (@Carnage4Life) July 26, 2021

1.7/Tether: Criminal probe now taking place. This will likely keep the flow of capital moving towards USDC and away from Tether. Regulators are squeezing Tether dry right now. https://t.co/BXjrPgMSut

— Ben Lilly (@MrBenLilly) July 26, 2021

More context on the DOJ #tether probe, via @business:

"The Justice Department investigation is focused on conduct that occurred years ago, when Tether was in its more nascent stages."

Focused mostly on whether the company hid from banks that transactions were linked to crypto https://t.co/NzjpyfHxNK

— Zack Guzmán (@zGuz) July 26, 2021

Tether definitely misled banks. Here’s the recordings that prove it: https://t.co/FHN8c8CLfQ (thanks @Bitfinexed) https://t.co/5rNAi9xTHQ

— Bennett Tomlin (@BennettTomlin) July 26, 2021

ICYMI: US officials investigating Tether executives for bank fraud: reporthttps://t.co/ojuiQ20Omy

— The Block (@TheBlock__) July 26, 2021

US officials investigating Tether executives for bank fraud: reporthttps://t.co/ZL4Pc29ehg

— Frank Chaparro (@fintechfrank) July 26, 2021

US officials investigating Tether executives for bank fraud: reporthttps://t.co/ojuiQ20Omy

— The Block (@TheBlock__) July 26, 2021

A recent report on an investigation of Tether by the Department of Justice is "based on unnamed sources and years-old allegations, patently designed to generate clicks," Tether has told the BTC Times.https://t.co/MPuI4mIC5w

— BTC Times (@btc) July 26, 2021