The current focus on bank froid suggests prosecutors may have moved on from pursuing a case tied to market manipulation. There has also been this theory that the printing of tethers was occurring. And then that was being used in a coordinated way to raise the price of bick coin. If tether had nothing to hide, they would simply say, here's our commercial paper....
Tether executives are reportedly facing a DOJ criminal probe for bank fraud! Jason breaks down Bloomberg's report (1:31), Tether's response (10:34) and assesses potential implications for the wider crypto ecosystem, including if this had anything to do with Sunday night's Bitcoin surge. (16:29)