Tether responds to U.S. judge’s order to produce documents, calls it ‘a routine discovery’
After the news broke out that a New York district judge ordered Tether (USDT) to produce its financial records to prove the backing of its stablecoin in what some have called a ‘conspiracy lawsuit,’ the blockchain company made a public announcement on the matter. Specifically, Tether said that it had already agreed to produce the relevant documents from the judge’s order.
As a reminder, Tether and cryptocurrency exchange Bitfinex are being sued over allegations that they conspired to issue the stablecoin in order to manipulate the price of Bitcoin (BTC). After the plaintiffs demanded that the blockchain company produces all of its financial documents, including “general ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements,” Tether requested that the revelation is blocked. blockchain platform is required to provide records.
Source
https://t.me/Cash_Blockchain_News
