Wednesday 20 June 2018
It appears controversial cryptocurrency issuer Tether (USDT) is yet again trying to prove its legitimacy to the larger blockchain community. The company has hired a law firm co-founded by former FBI director Louis Freeh to look into its financial situation. “Earlier this year Tether engaged Freeh, Sporkin & Sullivan LLP (FSS) to review bank account documentation and to perform a randomized inspection of the numbers of Tethers in circulation and the corresponding currency reserves,” Tether wrote in a statement on its website. For the record, while Freeh, Sporkin & Sullivan LLP had access to Tether accounts at two banks for weeks,…
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