Revealing Tether's Dark Relations With Criminal Actions, World's Largest Stablecoin Publisher Goyah!

USDT stablecoin crypto assets. (Photo; Doc. ZeroCrypto)

JAKARTA USDT stablecoin publisher Tether recently attracted public attention because a number of its executives were involved in illegal acts. Currently USDT is the largest stablecoin in the world by market cap.

According to an investigative report conducted by Protos, it has uncovered a series of alleged worrying relationships between leading cryptocurrency companies, Tether, and various illegal activities. This report has raised serious concerns in the crypto world.

One of the main concerns is Tether's promise to continuously disclose their reserve funds on professional audits. Unfortunately, until now, this promise has never been fulfilled. The sustainability of this action has raised questions about the company's transparency.

Not only that, Tether is also known to have transferred a large amount of USDT token worth 36.6 billion to Alameda Research. The company is led by a founder who is currently behind bars, Sam Bankman-Fried, also a former CEO of FTX. This raises questions about the suspicious relationship between Tether and related entities.

Furthermore, Raphael Nicolle, founder of Bitfinex, is reported to have defended the Ponzi scheme run by Trendon Shavers. This adds more concern about Tether's reputation.

However, what is even more concerning is the disclosure of Tether co-founder Brock Pierce, who once lived in a reported place related to child pornography cases. These allegations are very serious and require an in-depth explanation.

In addition, there are allegations linking several Tether executives to organized crimes. Chief Financial Officer Giancarlo Devasini, for example, has reportedly made transactions with Gennaro 'Reno'ELone, who has been convicted of 'lost merchant fraud' and has links to organized crimes.

Devasini's connection traces appear to have spread to individuals such as Daniele Sestagalli and Paolo Barrai, who are also linked to money laundering activities or money launching for organized crimes through offshore companies. Devasini also faced legal problems in 1996 for selling fake Microsoft software.

It is important to note that until now, no law enforcement agency in the United States has filed a lawsuit against Tether or its executives. Even so, this disclosure has created a shadow that envelopes the USDT stablecoin issuer.

On the other hand, Bloomberg also reports that Tether has supported its USDT stablecoin with assets issued by Chinese companies. This has sparked rumors over the years that the company has exposed Chinese bonds.

Studi dari Bloomberg juga mengungkapkan bahwa cadangan perusahaan meliputi sejumlah besar pinjaman kepada platform cryptocurrency Celsius Network serta miliar dolar dalam pinjaman jangka pendek untuk bisnis di China. Laporan ini semakin menambah komplementasi masalah Tether.

Despite many accusations leading to Tether's body, the crypto company's executives firmly deny involvement in organized crime and assert that this association does not involve the company, but is an individual personal matter in an unrelated context.