Tether: The WSJ report is seriously inaccurate. The company has cooperated with law enforcement agencies in many countries to combat illegal financing activities.

Previously, the Wall Street Journal reported that Tether was suspected of assisting the use of cryptocurrency to assist terrorists in illegal financing. Tether stated that the Wall Street Journal report contained major errors. Inaccurate information not only causes unnecessary concern, but also paints an unfair and distorted picture of Tether and the industry as a whole. Tether urges governments to fact-check mainstream media’s misinterpretation of data. Paolo Ardoino, the new CEO of Tether, said that since its establishment, Tether has cooperated with dozens of law enforcement agencies, including the United States, Ukraine and Israel, and the cryptocurrencies used by malicious actors account for only a small part of the illegal activities in the traditional financial industry. The deceptive Wall Street Journal article deceived good people with false information, and Tether is confident in its actions and proud of the work it has done to stop illegal activity. Previously, U.S. Republican congressmen Cynthia Lummis and French Hill sent a letter to the Department of Justice, requesting it to "carefully evaluate whether Binance and Tether violated applicable sanctions laws and bank secrecy laws and provided substantial support and resources to support terrorism." "We strongly support the Department of Justice's swift action to sanction Binance and Tether to cut off the funding of terrorists currently targeting Israel," the letter stated.