Tag: Tether Holdings

German Prosecutors Raid Tether-Backed Northern Data Over €500 Million AI Tax Fraud Allegations

Germany Charlene Lensburg -
A law enforcement raid targeting Northern Data AG, a Frankfurt-listed technology firm backed by Tether Holdings SA, occurred in late September 2025. The operation was led by German prosecutors and involved multiple European agencies, with a focus on Northern Data’s offices and related facilities. Here is our report.

Tether’s $500 Billion Gambit: The Stablecoin Giant’s Audacious Bid to Redefine Global Finance

CyberFinance Charlene Lensburg -
Comprehensive analysis of Tether's unprecedented $500 billion valuation fundraising, examining implications for stablecoin market dynamics, traditional banking competition, regulatory landscape, and potential bubble risks in the context of accelerating institutional adoption.

Background Information On The Operators Of The Tether Stablecoin Scheme!

Crypto Ben -
Tether (USDT) is a cryptocurrency pegged to the US dollar and is often used as a stablecoin. A network of companies around Tether Holdings Ltd and Tether Limited operates the scheme. The ownership structure has been the subject of significant speculation and controversy. Online gaming entrepreneur Brock Pierce and Italian plastic surgeon Giancarlo Devasini established Tether Holdings in 2014 in the British Virgin Islands. The Tether scheme is closely intertwined with crypto exchange BitFinex.

Promising: Stablecoin Tether Will Be Audited By BDO Italia!

Compliance Ben -
Tether Holdings Ltd, the disputed issuer of the world’s largest stablecoin Tether (USDT), retained BDO Italia, the Italian arm of the world's fifth largest accounting firm, to issue assurance and attestation reports of its reserves. Tether has previously worked with two Cayman Islands-based accounting firms, Moore Cayman and MHA Cayman. In 2021, Tether settled with the New York Attorney General's office with an $18.5 million an investigation into the company's practices.

No Impact! CFTC penalizes Tether with $42.5M for their false USDT narrative!

CFTC Ben -
Bitcoin (BTC) broke through the $60,000 mark yesterday with apparent ease despite the apparent realization that Tether has lied to the market about their stablecoin USDT. The U.S. CFTC issued an order simultaneously filing and settling charges against the Tether group of companies d/b/a Tether for making untrue or misleading statements and omissions of material fact in connection with USDT. Some experts believe that this bull leg could take BTC to $100,000 by the end of the year.